Hi there,
As if the Mardoff scandal were not enough for the financial world, Stanford Group Inc., caught regulators and the world unawares.
What started off as a simple mention of the group as a fraud by a guy called Alex Dalmady and caught the attention of the SEC, the FBI and several regulatory agencies.
Stanley Group is believed to be a shell-like organization: It's investment strategies seem to go against established investment principles.
According to its website: "We carefully consider asset classes, investment strategies, sectors, and regions of the world that most investors either don't have easy access to or rarely receive information about.
That last bit caught everyone's attention. Little surprise Mr. Dalmady caught up with them and spread the word!