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

01 September, 2009 11:10:00 Arezki Daoud
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Briefs: Libya may be wanting to reintegrate the global community, but it needs to watch out for the mine fields out there.

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. 

Comments (2 posted):

John Rodgers on 03 September, 2009 06:00:42
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After 31 rears with a major oil co. our life savings gone and what Stanford doesn't take the lawyers will and at 75 I'm at work for $8.00 p/hr.
Richard on 04 January, 2010 06:43:28
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just have a look

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