Sir Allen Stanford of Stanford Financial Group | CNBC 2008 Interview Highlights Video

Yeah, I think I would look that smug, too, if I knew I was getting away with an $8 billion fraud. Wouldn’t you?

“Shortly after 10 a.m. Central time, about 40 police officers and other law enforcement officials simultaneously entered Stanford Group’s two office buildings in Houston.” – NYTimes

While the fraud is still being termed ‘alleged’, you can pretty much surmise from the activity in and around the Stanford Financial Group buildings that this claim of fraud is being taken very, very seriously. As it should, given it involves billions of dollars at stake.

Is it really so good to be a billionaire now, Stanford?