It will take officials with the SEC and other federal agencies weeks and months to sort out exactly what happened at the Stanford Group. But Business Report Executive Editor JR Ball says the human toll is obvious and its being felt particularly hard in Baton Rouge. “The list of victims is long and will only grow longer,” says Ball. “How much local money is invested with the company isn’t known for certain. Area financial executives estimate between $200 million and $300 million is in the CDs under investigation and that Stanford’s entire Baton Rouge book is close to $1 billion.” To read the full story, click here.
The human cost of scandal
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