Finally, ABC News reports that billionaire financier Allen Stamford has blasted his critics, suggesting that claims that he ran a Ponzi scheme are 'baloney, baloney, baloney'. In a tearful interview with ABC, Stamford, who has not been charged with any wrongdoing, insisted that there were assets to back up client investments and reconfirmed that he would fight for his survival and integrity.
Stamford also added that 'I've always lived very frugally. I flew around in a private jet, I had a boat, but I've always lived very frugally'.Maybe it was a small private jet and a small boat.
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