As we look deeper into the Allen Stanford story and his alleged $8 billion fraud, his role spreading around money in Washington is becoming increasingly clear. A lot of it tied to his efforts to kill a bill back in 2001/2002 era bill that would have cracked down on offshore banks and money laundering. Elana Schor’s got part one of the story.
As she’ll explain in part two of the story, Stanford gave a huge amount of money to the Democrats — who then controlled the senate — to prevent the bill from ever coming to the floor.
