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Stanford Had a Castle, Fleet of Planes

Paternity-suit docs reveal lifestyle of the rich and fraudulent

By Kevin Spak,  Newser Staff

Posted Feb 20, 2009 1:59 PM CST
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(Newser) – Say this for Sir Allen Stanford: He knew how to live large. The alleged fraudster once lived in his own Florida castle, complete with moat, and owned, among other baubles, $100 million worth of airplanes, Bloomberg reports. Those assets and others are detailed in court documents from a paternity case filed by Louise Sage Stanford, the mother of two of Stanford’s children.

Though she took his name, Louise and Stanford never married, but he never contested paternity. “Needless to say, the children do not fly commercially,” said one of her lawyers in a court filing. Stanford lived with Louise and the children, first in the castle and then in other equally lavish digs, for years, and now pays $850,000 a year to support their “privileged and luxurious lifestyle," documents show.

Customers of Stanford Bank walk outside one of its offices in Caracas, Thursday, Feb. 19, 2009.
Customers of Stanford Bank walk outside one of its offices in Caracas, Thursday, Feb. 19, 2009.   (AP Photo/Carlos Hernandez)
Sir Allen Stanford talks to the press during the press conference for the Stanford 20/20 tournament at Lords Cricket Ground on June 11, 2008, in London, England.
Sir Allen Stanford talks to the press during the press conference for the Stanford 20/20 tournament at Lords Cricket Ground on June 11, 2008, in London, England.   (Getty Images)
Sir Allen Stanford talks to the press during the press conference for the Stanford 20/20 tournament at Lords Cricket Ground on June 11, 2008, in London, England.
Sir Allen Stanford talks to the press during the press conference for the Stanford 20/20 tournament at Lords Cricket Ground on June 11, 2008, in London, England.   (Getty Images)
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COMMENTS
Showing 3 of 4 comments
jaguarj
Feb 21, 2009 6:54 AM CST
It Figures!!!
Caps
Feb 20, 2009 11:24 PM CST
Hannity, O'Reilly, Limpballs, are such nuts, I don't listen to them.
Mad
Feb 20, 2009 5:02 AM CST
Hannity frequently sucked this rich ass off on his radio show

Stanford's old house had a moat
New York Times

Stanford gives Pelosi the hug of death
Valleywag

He paid child support, but not taxes
Associated Press

McCain joins parade of pols giving Stanford contributions to charity
MarketWatch

 
fraud • luxury travel • private jet • luxury homes • Robert Allen Stanford • Louise Sage Stanford

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