Written by queen mudder
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Topics: Texas, ponzi scheme

Wednesday, 18 February 2009

image for Texan Ponzi scam tycoon Stanford's empire run 'from North London squats'
Stanford's accountant ran the $8 billion Ponzi scam book keeping records from squats similar to this one

London - (OMFG! Mess): A Texan tycoon's $8 billion Ponzi scam has been run from a 'few squalid North London squats' according to FBI sources.

The Serious Fraud Office yesterday raided Sir Alan Stanford's 'accountants' in Enfield and found one octogenarian part-time book keeper 'and literally hundreds of thousands of IOU's signed by Bernard Madoff'.

Stanford, 69, is being probed by the US Securities and Exchange Commission after a crude paper trail connected him to Mossad Pension Fund $50 billion Ponzi fraudster Madoff.

A spokesman for the iconic London publication The Squatters Handbook said today:

"WTF?

"This Stanford accountancy scam is bringing all homeless people's housing stock opportunities into disrepute."

The English Cricket Board has denied all knowledge of their former patron's squatting activities.

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