3min chapter

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18. The Tycoon (Allen Stanford)

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CHAPTER

The Stanford Standard of Excellence

Stanford International began offering a Certificate of Deposit or CD in 1998. Prospects with a net worth greater than $5 million were given a VIP courtship that included a flight to Antigua on one of Stanford's six private jets. During the financial crisis of 2008, when the stock market lost up to 40% of its value, the Stanford Financial Group's portfolio of investments decreased in value by only 1.3%.

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