As we noted in the previous post, the Securities and Exchange Commission today went after Texas financier Allen Stanford.
Now we learn that Stanford was well connected in Texas. Here's a posting from TPMmuckraker that sheds light on Stanford's political pals, including Republican John Cornyn.
So we already knew that Allen Stanford -- the Texas banker charged by the SEC today with running an $8 billion "fraud of shocking magnitude" -- had some pretty impressive political contacts with both parties.
But it looks like his relationship with one of his home-state senators, Republican John Cornyn, may have been especially cozy.
According to Cornyn's Senate disclosure reports-- posted on the site Legistorm.com, which tracks privately financed trips by members of Congress -- the Stanford Financial Group paid for the Texas senator and an unnamed companion to take a November 2004 trip down to Antigua and Barbuda, the tiny Caribbean nation where the company has its headquarters.