Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

If you'd like to contact me please click on the link to: email me

Friday, 19 June 2009

Billionaire Surrenders!

DALLAS -- Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, surrendered to FBI agents in Virginia Thursday afternoon, his attorney said.
Law enforcement officials said Stanford is in custody after surrendering in Stafford, Virginia. Authorities plan to unseal an indictment charging Stanford on Friday, the officials said, speaking on condition of anonymity because they were not authorized to discuss the case.

Source: Associated Press

Stanford first came to prominence when he sponsored English Cricket's Super Series match where players received a million dollars per man for winning and nothing for losing.

It seems more and more of businesses that fall into financial trouble will have huge effects and implications for sport. Sport, finance and business are nto happy bedfellows. Some of the Corinthian spirit of sport has been lost. Money is more important than achievement.

How do you feel about this?
Posted by at
Labels: , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Followers

Visitors by City

FEEDJIT Live Traffic Feed

Labels