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The declare was based mostly on Banamex’s allegation that Morgan Stanley prompted a cross pledge to be recorded on its accounts with Bank Morgan Stanley, a Morgan Stanley affiliate, without its authorization. The cross pledge amounted to a guaranty on loans made by Bank Morgan Stanley to a third get together. 5,200,00 from the Banamex accounts primarily based on an unauthorized cross pledge.

Oh yeah, there's also a tapestry of Louis XIV of France, the "solar king." No delusions of grandeur on Sir Allen's part, are there? 2 million. However, that is only the tip of the iceberg. 226.6 million in "back taxes, penalties and curiosity" have been truthful game for the federal government to go after. Yet Stanford continues to deny allegations and has not even been accused of a criminal offense.