The Stanford Group used eye-catching returns, bold promises and small-town relationships to convince the rich and the not-so-rich of Baton Rouge to invest in what’s now being called an $8 billion Ponzi scheme. Estimates are that South Louisiana investors may have accounted for $1 billion of the total. Read the Business Report cover story about Stanford’s rise here. Send comments to editors@businessreport.com.
Inside the Stanford scandal
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