Home Business The Stanford Ponzi scheme saga enters its last chapter   

The Stanford Ponzi scheme saga enters its last chapter   

ROLE REVERSAL: After losing $1.2 million in the Stanford Group scandal, a then-retired Blaine Smith was forced to sell his Bocage Lake home and return to work. He has since become an activist, keeping the pressure on officials to help Stanford victims recover their money. (Don Kadair)

Most of the money the 18,000 investors put in—the Baton Rouge office alone wrote an estimated $2 billion worth of bogus certificates of deposit—is likely long gone.


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