Spending Spree
Spending Spree!
I was just reading an article about how some of Allen Stanford’s employees where fired for asking questions about where the money went. One top seller, Miami broker Charles Hazlett was let go for asking those same questions. In 2002 he was rewarded with a brand new BMW, I wonder if he got some Bamboo Blinds as well, maybe not the blinds, but the car is a yes. Anyway, he was will rewarded for be a top performer until he ask that question, “how is the money being invested.” Then he got his answer, you quit or your fired. At that point I would have thought something wasn’t right and would have walked out the door. Now Hazlett wasn’t the only one who had complained to top officers of the company, from my understanding the list is a mile long. The thing that bothers me is that the SEC is nowhere to be found. The SEC seems to have dropped the ball again. I wonder when the next big investment firm or person will get caught. I will end this post with this – I 100 percent believe that there’s about 10 to 15 other people out there like Madoff and Stanford. These people have been running scams against investors for years. And the complaints to the SEC have been ignored. Just wait and see, more will fall and it will be the SEC’s fault.
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