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Madoff, Stanford and the Libyan Gadhafi scam.
Friday, February 25, 2011 3:50
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Wikileaks: Bernie Madoff, Allen Stanford Tried To Ensnare Libya's Gadhafi In Ponzi Scheme
This makes intuitive sense considering the $32 billion size of the Libyan SWF. Billionaire Ponzi schemers need access to real money occasionally, and Middle Eastern SWFs are habitual targets. Appropriately, Madoff and Stanford now reside in the same North Carolina prison, though the story would be exponentially more rewarding had either scammer actually been successful in conning a few billion from the opiate-addled Libyan dictator.
The story originates from the following diplomatic cable:
TECHNOLOGY
