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Haitian Lawmaker Fears Public Money Lost To Fraud

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Haitian Lawmaker Fears Public Money Lost To Fraud
Posted by The Media on 4/25/09 4:15 PM

Haitian lawmaker fears public money lost to fraud -

A lawmaker is investigating whether Haitian public money was lost in the alleged Ponzi scheme run by Texas billionaire R. Allen Stanford.

Lawmaker Steven Benoit is looking into $220 million reportedly invested by 412 Haitian residents in Stanford International Bank Ltd.

Montreal's La Presse newspaper reported this week that Haiti was among the 10 most heavily invested countries in the bank.

The bank was closed in February after U.S. regulators alleged it offered fraudulent certificates of deposit.

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