Sir Allen Stanford’s criminal defense lawyer, the famed Dick DeGuerin of Houston, tells TPMmuckraker that his client is a victim of Bernie Madoff’s scam, too, albeit indirectly:

“They got egg all over their faces when they failed to sufficiently oversee the Madoff Ponzi scheme. What the SEC is trying to do is make up for their embarrassment over Madoff.”

David Kurtz

David Kurtz is Managing Editor and Washington Bureau Chief of Talking Points Memo where he oversees the news operations of TPM and its sister sites.