BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Why shouldn't Vijay Singh keep wearing his Stanford Financial hat?]]>http://www.bloggingstocks.com/2009/06/17/why-shouldnt-vijay-singh-keep-wearing-his-stanford-financial-ha/http://www.bloggingstocks.com/2009/06/17/why-shouldnt-vijay-singh-keep-wearing-his-stanford-financial-ha/http://www.bloggingstocks.com/2009/06/17/why-shouldnt-vijay-singh-keep-wearing-his-stanford-financial-ha/#commentsFiled under: ,

Back in February, I wrote about one of the stranger elements of the Stanford Financial ponzi scheme scandal: PGA Tour star Vijay Singh was still wearing his Stanford Financial hat, as though nothing had happened.



It turns out he's still wearing it, and the New York Post explains why:

Nope, the word is that Singh is just stubborn and -- here's a word you don't hear often these days -- loyal. And, oddly enough, I find that sort of refreshing even if the allegiance is to an alleged thief.

Singh's representatives say "Vijay is staying with the status quo until there is something more definitive re: Stanford." Hats off to him.

Continue reading Why shouldn't Vijay Singh keep wearing his Stanford Financial hat?

Why shouldn't Vijay Singh keep wearing his Stanford Financial hat? originally appeared on BloggingStocks on Wed, 17 Jun 2009 15:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Stanford FinancialStanfordFinancialVijay SinghVijaySinghWed, 17 Jun 2009 15:50:00 EST<![CDATA[IRS says it was ripped off by Stanford too]]>http://www.bloggingstocks.com/2009/03/16/irs-says-it-was-ripped-off-by-stanford-too/http://www.bloggingstocks.com/2009/03/16/irs-says-it-was-ripped-off-by-stanford-too/http://www.bloggingstocks.com/2009/03/16/irs-says-it-was-ripped-off-by-stanford-too/#commentsFiled under: ,

If the allegations are to be believed, Robert Allen Stanford ripped off his investors to the tune of $8 billion and managed to cheat the IRS out of its cut of his ill-gotten gains as well.

The IRS has asked a judge to allow it to continue its efforts to collect $226.6 million in back taxes -- and there may be more to come because Stanford still hasn't filed his 2007 tax return.

Maybe I'm naive in the ways of massive fraud and its tax implications, but here's what I don't understand: Thousands of investors are in all probability out billions of dollars because of Mr. Stanford's alleged conduct. Given that, every penny that the IRS collects from him represents a penny that won't be available to his victims.

Continue reading IRS says it was ripped off by Stanford too

IRS says it was ripped off by Stanford too originally appeared on BloggingStocks on Mon, 16 Mar 2009 12:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Allen StanfordAllenStanfordinthenewsIRSStanford FinancialStanfordFinancialTaxesMon, 16 Mar 2009 12:45:00 EST<![CDATA[Johnny Damon ensnared in Stanford Financial scandal]]>http://www.bloggingstocks.com/2009/02/20/johnny-damon-ensnared-in-stanford-financial-scandal/http://www.bloggingstocks.com/2009/02/20/johnny-damon-ensnared-in-stanford-financial-scandal/http://www.bloggingstocks.com/2009/02/20/johnny-damon-ensnared-in-stanford-financial-scandal/#commentsFiled under: ,

With Stanford Financial in limbo as regulators pounce and assets are frozen, at least two Major League Baseball stars are facing some serious financial problems.

FoxSports' Ken Rosenthal reports that Yankees center fielder Johnny Damon doesn't have enough money to pay his trainer and Mets star Xavier Nady hasn't been able to purchase an apartment in New York. Apparently their money is tied up in the Stanford mess, and they don't have access to it -- at least for now.

Continue reading Johnny Damon ensnared in Stanford Financial scandal

Johnny Damon ensnared in Stanford Financial scandal originally appeared on BloggingStocks on Fri, 20 Feb 2009 18:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BaseballJohnny DamonJohnnyDamonStanford FinancialStanfordFinancialFri, 20 Feb 2009 18:20:00 EST<![CDATA[Stanford Financial as drug money launderer?]]>http://www.bloggingstocks.com/2009/02/19/stanford-financial-as-drug-money-launderer/http://www.bloggingstocks.com/2009/02/19/stanford-financial-as-drug-money-launderer/http://www.bloggingstocks.com/2009/02/19/stanford-financial-as-drug-money-launderer/#commentsFiled under:

The Stanford Financial scandal continues to get more complicated and, well, just plain weird.

First, there is the somewhat amusing news that professional golfer Vijay Singh will continue to wear the Stanford Financial logo on his hat, shirt, and bag -- even after the SEC charged the company with operating a massive Ponzi scheme as U.S. Marshalls raided the company's offices. Singh told Reuters that "we are assuming alot. Nothing is guilty unless it is proven. It's all assumption at the moment."

Indeed: And I'm assuming that Singh will live to regret his endorsement deal with Stanford.

Continue reading Stanford Financial as drug money launderer?

Stanford Financial as drug money launderer? originally appeared on BloggingStocks on Thu, 19 Feb 2009 08:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsStanford FinancialStanfordFinancialThu, 19 Feb 2009 08:45:00 EST