Globalization and Libya's Invesments: Not Always a Safe Bet

It turns out that Libya placed at least $500 million in form of investments at the Stanford Financial Group, the firm owned by the accused American swindler Allen Stanford. Stanford and his fiancée, Andrea Stoelker, travelled to Libya in late January 2009. Ms. Stoekler confirmed in a deposition that Libya has invested $500 million with Stanford, money likely gone for ever.