Accused Financier Under Federal Drug Investigation Was Praised By House Speaker Pelosi And President Clinton At The National Democratic Institute

Allen Stanford

Accused Financier Under Federal Drug Investigation -- ABC News

Authorities: Stanford May Have Laundered Drug Money for Mexican Cartel

The SEC's fraud charges may be the least of accused financial scammer R. Allen Stanford's worries. Federal authorities tell ABC News that the FBI and others have been investigating whether Stanford was involved in laundering drug money for Mexico's notorious Gulf Cartel.

Authorities tell ABC News that as part of the investigation, which has been ongoing since last year, Mexican authorities detained one of Stanford's private planes. According to officials, checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most violent gang. Authorities say Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.

Authorities say the SEC action against Stanford Tuesday may have complicated the federal drug investigation.

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My Comment: These politicians may not have known what type of man he is .... but they loved his money.