The conviction of [Allen] Stanford brings to an end the U.S. government’s prosecution of financiers whose large Ponzi schemes unraveled during the credit crisis. Madoff, Stanford, Tom Petters ($3.7 billion Ponzi), Scott Rothsetein ($1.2 billion Ponzi) and Marc Drier ($400 million), had nothing to do with financial shenanigans that brought the U.S. financial system to its knees, but they somehow typified the culture of leverage and investor gullibility that nearly destroyed the U.S. economy.
I guess self-described Petters financier Frank Vennes is bush league by comparison.
Vennes, indicted April 20, 2011 goes on trial October 1, 2012.
