Getting your player ready...
MIAMI — Two senior employees at disgraced financier Allen Stanford’s worldwide security office knew it was wrong to shred thousands of documents but did it to thwart an investigation into what became a $7 billion Ponzi scheme, a federal prosecutor said Wednesday in closing arguments at the men’s trial.
Numerous company e-mails and other evidence showed that Stanford Financial Group’s former security chief, Thomas Raffanello, and technology officer Bruce Perraud were well aware in February 2009 that the Securities and Exchange Commission had obtained a court order requiring preservation of all Stanford documents.
