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Crime

Stanford Group May Be Madoff II With 30,000 Investors

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You may have seen stories in the WSJ, the NYTimes, and on Bloomberg about the SEC probe of Houston’s Stanford Group, which has just been joined by the FBI. On June 29, 2007, the DMN ran a press release about Stanford’s sponsorship with the City of Dallas Office of Cultural Affairs of a program  to offer awards for excellence in financial management to arts organizations.  This quote is especially nice:

“As a wealth management firm, we understand the importance of fiscal management and being good stewards of one’s resources,” said Lori Bensing, Dallas managing director with Stanford.

I’m sure Lori is a fine person. And I appreciate her recognition of the need for excellence in financial management of arts organizations. And I also hope she has all her files in order.

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