Baton Rouge resident Blaine Smith retired early from ExxonMobil in 1999 to focus on building homes. The latter business enabled him to invest more than $1 million with the Stanford Group, before the operation was revealed to be a multibillion-dollar Ponzi scheme. Most of the money the 18,000 investors put in—the Baton Rouge office alone
Stanford Group scandal’s final act
The final legal maneuvers seem to be playing out 14 years after the Ponzi scheme financially and emotionally ravaged the lives of so many Baton Rouge investors.
