Disgraced Alumni

Link: Stanford Indicted

This is exactly why I think Hankamer School of Business should make ethics a mandatory class to getting a Business degree. Yes, Sir Allen Stanford (he is knighted in Antigua, which is also the location of several of his misdeeds) is a 1974 Baylor University graduate with a BA in Finance (makes my degree in finance seem less cool). James Davis, the CFO of Stanford Investments, who was also arrested, was his roommate at Baylor. Like Maldoff, Stanford is suspected of running a wide ranging Ponzi scheme of around 7 billion dollars. He also is under investigation for money laundering for the Mexican cartels, owing hundreds of millions in federal taxes over several decades and trademark infringement from Stanford University (seriously).

I sure hope, but wouldn't be surprised, that the media doesn't bring up any ties he might have to Baylor. However, we all know how the media loves its "bad news Bears" stories.

Oh, and his net worth is valued at 2.2 Billon. That is a whole lot of cheddar.