And the Italian Mafia did it!

So, You Know Those (Probably) Fake Bonds?

Many thanks to the folks at Dealbreaker with this latest update. Some additional commentary will be forthcoming. Guiseppe, red wine, spaghetti, and a sea side cafe in Sicily. I believe this story is getting better.

And also from DealBreaker/WSJ - Sir Allan Stanford is taken in on fraud charges. Any bets on which way this one will go. I think we are guaranteed the time clock will be left to run out first.

Stanford Is Indicted In Fraud, Surrenders (WSJ)
As expected, Allen Stanford was charged yesterday with possibly running a Ponzi scheme. He was arrested outside his girlfriend's home in Virginia, which is somewhat disappointing, compared to the scene that could've gone down had the authorities cuffed him at the gym.