Saturday, February 21, 2009

Suffer the Little Children ...

Speaking of thieves, as we just were, here's a glimpse of how the next generation of Wall Street financiers is being raised in Florida by billionaire fraudster Robert Allen Stanford:
Stanford’s girlfriend and his children moved out of the castle in June 2004 and into a 12,000-square foot home that they rented for $25,000 a month, according to a March 2008 filing in the paternity case.

After the pair broke up, Stanford paid $850,000 a year in housing, food and private-school costs to ensure his children maintained their “privileged and luxurious lifestyle,” his girlfriend’s lawyers said in the March 2008 filing.

The amenities included a new Lincoln Navigator and driver available 24 hours a day, seven days a week to chauffeur the children, according to an October 2007 filing.

“All the children need to do is pick up the phone and say, please pick me up from school, please take me to gym, please take me to tennis, and there is a bonded, insured driver” to do so, according to the filing.

Stanford also picked up the $50,000-per-year tab for the Gulliver Academy, a private school, and gave $6,000 worth of Christmas gifts to teachers, lawyers said in the filing.

He also provided as much as $75,000 for Christmas gifts and vacations for the children, and set aside $1 million for each in a trust account, the filings show.
* * *
“The children have always enjoyed first-class vacations and traditionally fly on Global Express, one of the Respondent’s private jets,” the girlfriend’s lawyers said in one of the March 2008 filings.
What damage to the lives of your children and grandchildren do you suppose will be done some day by the grotesquely spoiled offspring of the Allen Stanfords, Bernie Madoffs, and Art Nadels of our time?

edited 2-21
1:00 pm

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