Stanford scheme probe

A politician is investigating whether Haitian public money was lost in the alleged Ponzi scheme run by Texas billionaire Allen Stanford.

Politician Steven Benoit is looking into $220m (€166m) reportedly invested by 412 Haitian residents in Stanford International Bank Ltd.

Montreal’s La Presse newspaper reported this week that Haiti was among the 10 most heavily invested countries in the bank. Three-quarters of Haitians live on less than $2 (€1.50) a day.