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Stanford Takes The Fifth

In better days, Allen Stanford was, by most accounts, a loqacious and charming figure, wooing clients, lawmakers, and foreign dignitaries alike with the sheer power of his personality.

Now, not so much.

In court documents filed today, Stanford took the fifth, declining to testify in the SEC's complaint against him, in which he is accused of orchestrating an $8 billion Ponzi scheme.

His former college roommate and Number 2 at Stanford Financial Group, Jim Davis, is likewise staying mum, it was reported last week.



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All well and good - but don't we all really want to know what it feels like to be a ... billionaire?

The CNBC generalization doesn't care about petty crimes. We care about kissing butt, and having zip soul or inner life! It is the only way to be.

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