Posts tagged "Allen Stanford"

More congressional trips tied to Stanford

Posted by LegiStorm on Thursday, February 19, 2009

The New York Times today cites LegiStorm data in a story with more revelations about the ties between Allen Stanford, who has been charged with fraud by the SEC, and lawmakers.

In addition to the trip Stanford Financial Group sponsored for Sen. John Cornyn (R-Texas), Stanford has been linked to the Inter-American Economic Council, which has sponsored 85 congressional trips since 2003, for a total of $307,122.

According to the Times:

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posted in congressional travel, New York Times, Allen Stanford
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Cornyn tied to Stanford by 2004 trip

Posted by LegiStorm on Wednesday, February 18, 2009

Soon after billionaire Allen Stanford was charged by the SEC with fraud yesterday, several news outlets used LegiStorm's data to see if any lawmakers were tied to the latest scandal.

The clearest piece of evidence uncovered was a 2004 trip to Antigua and sponsored by Stanford Financial Group Co. for Sen. John Cornyn (R-Texas). Cornyn took the four-day trip in Nov. 2004 and filed the necessary trip form, listing costs for himself and a companion (not disclosed but reported to be his wife) valued at $7,441.

The purpose of the trip was listed by Cornyn as "Financial services industry fact-finding mission hosted by constituent company with substantial operations on site" - Stanford Financial Group had a bank arm headquartered in Antigua and also had offices in Houston.

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posted in congressional travel, Sen. John Cornyn (R-Texas), Allen Stanford
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