‘I’ve Always Lived Very Frugally,’ Says Robert Allen Stanford


He does have a corporate jet with “a toilet seat emblazoned with a golden eagle, the Stanford Financial logo,” and he once showed up to a cricket tournament in a helicopter “carrying a huge case filled with what looked like millions of U.S. dollars,” and before he was charged with massive fraud by the SEC he was building an island community for high-net-worth individuals that required a $50 million deposit and $15 million annual fee for membership. But other than that, Robert Allen Stanford has “always lived very frugally,” the suspected Ponzi schemer told ABC last night. “I’ve always been more in touch with the maître d’ and the valet than the CEO,” he said. Well then. Those guys might want to check their pockets.