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Friday, March 9, 2012
Wednesday, March 7, 2012
Cricket mogul found guilty of $7 bn Ponzi scheme
The verdict will bring some satisfaction -- but likely little financial relief -- to 30,000 investors from more than 100 countries who were bilked by bogus investments with Stanford International Bank.
Investigators could not find 92 percent of the $8 billion the bank said it had in assets and cash reserves.
Stanford, 61, has spent the past three years in jail after being deemed a flight risk. He may never taste freedom again.
Jurors found the mustachioed Texan guilty of 13 of 14 counts of fraud, conspiracy, money laundering and obstruction of justice. Each count carries a maximum sentence of five to 20 years in jail.
Even if a judge decides Stanford should receive concurrent sentences on the 13 counts at an upcoming hearing, he will likely still face 20 years in federal prison.
Stanford remained stoic as the guilty verdicts were read, but his elderly mother, two adult daughters and a family friend dropped their heads into their hands in dismay.
His lawyers told reporters the verdict was a "disappointment" and vowed to appeal. Prosecution attorneys left the courtroom quickly, and were not immediately available for comment.
Cassie Wilkinson, one of Stanford's victims, said she had waited at length for this outcome.
"We were taken advantage of not just by Allen, but by a whole band of crooks," she said. "It's great to know there were 12 jurors who felt the same way."
The only non-guilty verdict was returned on Count 2, in which Stanford was charged with wire fraud for allegedly purchasing $9,000 tickets to the Super Bowl annual American football championship game for Antiguan bank regulator Leroy King.
Badly beaten in a jailhouse brawl, Stanford was temporarily declared unfit for trial after he became addicted to painkillers while also on antidepressants.
He tried to have his case completely dismissed after claiming that the beating and drugs destroyed his memory, but the judge denied the request.
Defense attorneys at trial tried to shift the blame to former chief financial officer James Davis, who they accused of perpetrating the entire fraud while Stanford naively placed his trust in his former college roommate.
They also insisted the bulk of investor money was lost due to mismanagement by court-appointed receivers after the US government seized the bank.
Prosecutors scoffed at the notion, and said Stanford funded his lavish lifestyle by siphoning off $2 billion in investor deposits while pushing "bogus" certificates of deposits that promised artificially high returns based on "safe" investments.
A dual citizen of the United States and the Caribbean country of Antigua and Barbuda, Stanford was known for his largess, especially on the two paradise islands.
He received a knighthood in 2006 from Antigua, where he was the largest employer, and rose to global prominence in 2008 by creating the Stanford 20/20 cricket tournament, which captured a television audience of 300 million.
His personal fiefdom soon began to crumble when it attracted scrutiny from financial regulators. Stanford was charged by the US Securities and Exchange Commission with fraud in February 2009 and arrested a few months later at his girlfriend's home in the eastern state of Virginia.
With a fortune of $2.2 billion, Forbes magazine ranked Stanford as the 605th richest person in the world in 2006.
After most of those funds were frozen by the courts, Stanford was forced to accept appointed counsel.
Jurors must now determine whether there is sufficient evidence to require Stanford to forfeit about $300 million from 29 accounts located outside the United States.
That hearing will continue Wednesday. A date for Stanford's sentencing has not yet been set.
http://www.bangkokpost.com/news/sports/283289/cricket-mogul-found-guilty-of-7-bn-ponzi-scheme
Investigators could not find 92 percent of the $8 billion the bank said it had in assets and cash reserves.
Stanford, 61, has spent the past three years in jail after being deemed a flight risk. He may never taste freedom again.
Jurors found the mustachioed Texan guilty of 13 of 14 counts of fraud, conspiracy, money laundering and obstruction of justice. Each count carries a maximum sentence of five to 20 years in jail.
Even if a judge decides Stanford should receive concurrent sentences on the 13 counts at an upcoming hearing, he will likely still face 20 years in federal prison.
Stanford remained stoic as the guilty verdicts were read, but his elderly mother, two adult daughters and a family friend dropped their heads into their hands in dismay.
His lawyers told reporters the verdict was a "disappointment" and vowed to appeal. Prosecution attorneys left the courtroom quickly, and were not immediately available for comment.
Cassie Wilkinson, one of Stanford's victims, said she had waited at length for this outcome.
"We were taken advantage of not just by Allen, but by a whole band of crooks," she said. "It's great to know there were 12 jurors who felt the same way."
The only non-guilty verdict was returned on Count 2, in which Stanford was charged with wire fraud for allegedly purchasing $9,000 tickets to the Super Bowl annual American football championship game for Antiguan bank regulator Leroy King.
Badly beaten in a jailhouse brawl, Stanford was temporarily declared unfit for trial after he became addicted to painkillers while also on antidepressants.
He tried to have his case completely dismissed after claiming that the beating and drugs destroyed his memory, but the judge denied the request.
Defense attorneys at trial tried to shift the blame to former chief financial officer James Davis, who they accused of perpetrating the entire fraud while Stanford naively placed his trust in his former college roommate.
They also insisted the bulk of investor money was lost due to mismanagement by court-appointed receivers after the US government seized the bank.
Prosecutors scoffed at the notion, and said Stanford funded his lavish lifestyle by siphoning off $2 billion in investor deposits while pushing "bogus" certificates of deposits that promised artificially high returns based on "safe" investments.
A dual citizen of the United States and the Caribbean country of Antigua and Barbuda, Stanford was known for his largess, especially on the two paradise islands.
He received a knighthood in 2006 from Antigua, where he was the largest employer, and rose to global prominence in 2008 by creating the Stanford 20/20 cricket tournament, which captured a television audience of 300 million.
His personal fiefdom soon began to crumble when it attracted scrutiny from financial regulators. Stanford was charged by the US Securities and Exchange Commission with fraud in February 2009 and arrested a few months later at his girlfriend's home in the eastern state of Virginia.
With a fortune of $2.2 billion, Forbes magazine ranked Stanford as the 605th richest person in the world in 2006.
After most of those funds were frozen by the courts, Stanford was forced to accept appointed counsel.
Jurors must now determine whether there is sufficient evidence to require Stanford to forfeit about $300 million from 29 accounts located outside the United States.
That hearing will continue Wednesday. A date for Stanford's sentencing has not yet been set.
http://www.bangkokpost.com/news/sports/283289/cricket-mogul-found-guilty-of-7-bn-ponzi-scheme
Wednesday, February 15, 2012
Fast Brite Lens Restorer Review, The product really works only good
Driving at evening alongside headlights that are hazy or oxidized can be truly uncomfortable -to not mention dangerous! However, replacing the headlights takes time plus it could certainly are priced at anyone hundreds of dollars. The Fast Brite Lens Restorer typically is a product that guarantees that would save you time and income, by restoring the actual headlights of the car in return that would its authentic showroom standard. For little over 10 bucks, you can have a pro lens restore kit which might do away with the particular haze, to see bright and in addition clear, even if you're driving at day. Here we all will tell your needs regarding the particular features of this product.
Fast Brite Lens Restorer pros
Permit s take a look closer into Fast Brite Lens Restorer reviews plus see just what users need to say.
- It works seriously fast: Within just 30 seconds, you'll see your own hazy headlights going back to crystal clear. We only should wipe found on the product and additionally then wipe it off. No have to delay, no really want to repeat the actual procedure. Needless to say, in the event that damage on your own headlights is actually truly severe, us may have to apply the actual product over as soon as before you may find the right outcomes.
- It really is easy and additionally convenient that would apply: Buyers acquired t make a mess within your garage, and additionally even in the event we have never performed a restoration yourself, you'll be able to be able to do it in little time owing to its simplicity.
- The actual kit has almost all we need: Soon after you have ordered the particular product, you can get 2 -oz. Bottle of Lens Polish then 2-oz. Bottle of Lens Protectant, and a convenient Application Sponge. That is every one of the it takes! No tools required. Forget about sanding: the actual formula is actually powerful enough in order to remove regular haze as well as oxidation. No hidden fees and even no have to purchase additional supplies.
- Improved visibility: Once a headlights are really restored, definitely not only buyers will see much better whenever driving. Other people will see we as well! This particular method, Rapidly Brite Lens Restore plays a significant piece on your own safety.
- Top price-quality: There happen to be some other headlights restore kits on the market, however they are priced at definitely not two times, yet five occasions because much as Fast Brite Lens Restorer. Even if your headlights happened to be now damaged we only attain normal to superior results, the income is supposed to be value it!
Fast Brite Lens Restorer provides shoppers a 30-day money guarantee. Now you really have nothing to get rid of. Order it currently!
http://www.ifernblog.com/fast-brite-lens-restorer-review/
Fast Brite Lens Restorer pros
Permit s take a look closer into Fast Brite Lens Restorer reviews plus see just what users need to say.
- It works seriously fast: Within just 30 seconds, you'll see your own hazy headlights going back to crystal clear. We only should wipe found on the product and additionally then wipe it off. No have to delay, no really want to repeat the actual procedure. Needless to say, in the event that damage on your own headlights is actually truly severe, us may have to apply the actual product over as soon as before you may find the right outcomes.
- It really is easy and additionally convenient that would apply: Buyers acquired t make a mess within your garage, and additionally even in the event we have never performed a restoration yourself, you'll be able to be able to do it in little time owing to its simplicity.
- The actual kit has almost all we need: Soon after you have ordered the particular product, you can get 2 -oz. Bottle of Lens Polish then 2-oz. Bottle of Lens Protectant, and a convenient Application Sponge. That is every one of the it takes! No tools required. Forget about sanding: the actual formula is actually powerful enough in order to remove regular haze as well as oxidation. No hidden fees and even no have to purchase additional supplies.
- Improved visibility: Once a headlights are really restored, definitely not only buyers will see much better whenever driving. Other people will see we as well! This particular method, Rapidly Brite Lens Restore plays a significant piece on your own safety.
- Top price-quality: There happen to be some other headlights restore kits on the market, however they are priced at definitely not two times, yet five occasions because much as Fast Brite Lens Restorer. Even if your headlights happened to be now damaged we only attain normal to superior results, the income is supposed to be value it!
Fast Brite Lens Restorer provides shoppers a 30-day money guarantee. Now you really have nothing to get rid of. Order it currently!
http://www.ifernblog.com/fast-brite-lens-restorer-review/
Thursday, February 9, 2012
Instant Thai Iced Tea It is delicious
Instant Thai tea mix 12 unmarried serve packs : Instant Thai Iced Tea. This tastes like the particular Thai tea I acquire from Thai areas. I create it hot & consequently put it throughout the freezer or perhaps refrigerator for a few hours. It happens to be delicious when it’s cold!
Prepared by premium Por Kwan organization with regard to Thailand, this might be a quick replace if perhaps you do not currently have time to make authentic Thai Ice Tea. This particular could certainly in addition be liked hot and / or iced. Put specific bring into a cup then add 10 oz hot H2O, stir plus enjoy hot and / or with ice. The actual final product is a good amber/orangish color only like the particular authentic. A mix of Thai tea powder, glucose, as well as non-dairy creamer. Product of Thailand. You moreover offer instant Thai coffee.
- Rapid replace for authentic ice tea
- Delicious formula is liked hot and / or iced
- Mix of Thai tea powder, glucose, plus non-dairy creamer
- Amber/orangish color instant thai tea
http://www.ifernblog.com/instant-thai-iced-tea/
Prepared by premium Por Kwan organization with regard to Thailand, this might be a quick replace if perhaps you do not currently have time to make authentic Thai Ice Tea. This particular could certainly in addition be liked hot and / or iced. Put specific bring into a cup then add 10 oz hot H2O, stir plus enjoy hot and / or with ice. The actual final product is a good amber/orangish color only like the particular authentic. A mix of Thai tea powder, glucose, as well as non-dairy creamer. Product of Thailand. You moreover offer instant Thai coffee.
- Rapid replace for authentic ice tea
- Delicious formula is liked hot and / or iced
- Mix of Thai tea powder, glucose, plus non-dairy creamer
- Amber/orangish color instant thai tea
http://www.ifernblog.com/instant-thai-iced-tea/
Monday, January 30, 2012
Quixx Paint Scratch Remover Works as Advertised - Two Thumbs Up
Quixx Paint Scratch Remover, This product works as advertised and exceeded my expectations. I used Quixx to remove scratches on the front fender of a Harley-Davidson Road King Classic. The fender's color was Vivid Black. For non-motorcycle people, the Harley fenders are painted sheet metal just like your car and cost nearly $500 to replace. Fixing and painting yourself is not an option unless you work in a paint shop.
I had just replaced a dented and scratched fender with a brand new fender from the factory and you guessed it...I scratched the new fender during installation.
Using Quixx I worked real slow and deliberate following the instructions to the letter. First used Polish 1 then Finish 2. It took 3 passes with Polish 1 then Finish 2 to remove the scratches and I gained confidence with applying elbow grease pressure with each pass. Each pass received greater pressure until I achieved the results I was expecting. I have to use a magnifying glass under direct sunlight to find where the scratches used to be...and this is on black paint with clear coat. (Scratches on black paint are the most difficult to make disappear.)
Ignore the reviews where people rated this product 3, 2, or 1 stars. Their low ratings are a disconnect in their expectation of how this product should perform or their perception of the severity of their scratch. They have perceived they have a "light scratch" but in reality they have a pretty deep gouge that probably needs to be sanded an painted.
Quixx has a web site that describes the types and depths of scratches you can treat, how to use their product, and what to expect as results. Their flash demos and video on using the product are very informative. The graphics on scratch geometry through clear coat, paint, primer, and down to metal will help you understand what is fixable and what may not be fixable with their product.
The scratches I repaired apparently were limited to the clear coat layer of paint so I was very fortunate and achieved stellar results. If your scratch reaches the paint layer you will probably get good results. If the scratch is deep to the primer layer then you will most likely need a different and more expensive solution. Think about it....your paint is yellow and your primer is red. This product will not make the red primer turn yellow to repair your scratch if the scratch is all the way to the primer.
I highly recommend this product for minor scratch repair or reducing the ugliness of more severe scratches.
By Linux MacWindows "The Penguin"
I had just replaced a dented and scratched fender with a brand new fender from the factory and you guessed it...I scratched the new fender during installation.
Using Quixx I worked real slow and deliberate following the instructions to the letter. First used Polish 1 then Finish 2. It took 3 passes with Polish 1 then Finish 2 to remove the scratches and I gained confidence with applying elbow grease pressure with each pass. Each pass received greater pressure until I achieved the results I was expecting. I have to use a magnifying glass under direct sunlight to find where the scratches used to be...and this is on black paint with clear coat. (Scratches on black paint are the most difficult to make disappear.)
Ignore the reviews where people rated this product 3, 2, or 1 stars. Their low ratings are a disconnect in their expectation of how this product should perform or their perception of the severity of their scratch. They have perceived they have a "light scratch" but in reality they have a pretty deep gouge that probably needs to be sanded an painted.
Quixx has a web site that describes the types and depths of scratches you can treat, how to use their product, and what to expect as results. Their flash demos and video on using the product are very informative. The graphics on scratch geometry through clear coat, paint, primer, and down to metal will help you understand what is fixable and what may not be fixable with their product.
The scratches I repaired apparently were limited to the clear coat layer of paint so I was very fortunate and achieved stellar results. If your scratch reaches the paint layer you will probably get good results. If the scratch is deep to the primer layer then you will most likely need a different and more expensive solution. Think about it....your paint is yellow and your primer is red. This product will not make the red primer turn yellow to repair your scratch if the scratch is all the way to the primer.
I highly recommend this product for minor scratch repair or reducing the ugliness of more severe scratches.
By Linux MacWindows "The Penguin"
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