U.S. authorities had been closely looking into Stanford Financial Group and investigating the certificates of deposit because of the returns that they were providing to their investors. In addition, the fact that the company’s assets showed an increase of 7 billion in a time span of only seven years (2001-2008) also seemed sketchy. As Stanford’s criminal case states “The indictment alleges that, in fact, approx. $5 billion of SIBL’s reported assets consisted of notes on loans to Stanford and grossly overstated interests in “island properties,” including more than $2 billion added to the books in 2008 from an allegedly artificial real estate deal”(Pending Criminal Division Cases). Finally, on June 2009 the United States Securities and Exchange
