The Stanford Ponzi scheme saga enters its last chapter

May 8, 2023

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)

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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

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