Sunday, April 25, 2010

SEC says its ex-Fort Worth official let R. Allen Stanford off hook

Torbenson, Michaels report:
Is Spencer Barasch the man who single-handedly let alleged Ponzi schemer R. Allen Stanford off the hook three times, costing investors more than $7 billion?


Or is he an honest Dallas defense attorney unfairly blamed for the failings of a government regulator?

The Securities and Exchange Commission's inspector general has a 151-page report that says he was the former. It skewers Barasch, former head of the SEC's enforcement efforts at its Fort Worth office, as a poster child for an agency that critics say missed one of the biggest investor scams of our generation.
http://tinyurl.com/275wpz7

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