Allen Stanford: The Lord of the Lies
Scamfluencers
Wondery
4.1 • 7K Ratings
🗓️ 8 July 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
After a Texas oil bust forces him into bankruptcy, Allen Stanford looked abroad for a new opportunity: starting an off-shore bank in Antigua and using client money as his own personal piggybank. Soon, he’s spending billions on private planes, his own cricket grounds and estates all over the world. To keep his scheme going, he bullies his coworkers, makes blood oaths with regulators, and threatens to punch reporters in the mouth. But when the global financial crisis hits in 2008, Allen’s bravado is met with cold hard reality.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Wundry Plus subscribers can listen to scam influencers early and ad free right now. |
| 0:04.6 | Join Wundry Plus in the Wundry App or Apple Podcasts. Sachi, we talk about offshore banking a lot on this show, but do you actually know what it is? |
| 0:20.6 | Not really. I mean it's just having a bank account off ashore, right? |
| 0:28.0 | Yeah, you know what? |
| 0:29.0 | It is one of those things where when people say it, you don't actually understand what they're doing |
| 0:34.5 | with their money it's like diversifying your assets or paying your taxes but if |
| 0:40.7 | the people using the offshore bank are criminals, |
| 0:43.0 | what do you think that says about the guy who founded the bank in the first place? |
| 0:48.0 | It's 2008, and Jonathan Agnew is at Lord's Cricket Grounds in London. |
| 0:56.0 | It's one of the most famous cricket stadiums in the world. |
| 0:59.0 | Jonathan is in his late 40s, he's bald and he wears thin oval glasses. |
| 1:04.3 | Jonathan has covered cricket for the BBC for the last 17 years |
| 1:08.9 | but today he's witnessing something he's never seen before. |
| 1:13.5 | A black helicopter with gold trim is landing on the grounds. |
| 1:17.5 | Lord's Cricket Grounds is a centuries old, |
| 1:19.9 | members only establishment with a dress code |
| 1:22.3 | and very particular rules. members only |
| 1:23.7 | establishment with a dress code and very particular rules. |
| 1:24.6 | Non-members can't even walk on the grass, much less land a helicopter on it. |
| 1:29.1 | Jonathan is completely scandalized. |
| 1:32.0 | The man who steps out of the chopper is a tall tanned Texan who is definitely not a member. |
| 1:38.8 | His name is Sir Allen Stanford and he's made billions running an offshore bank in Antica. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Wondery, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Wondery and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.