Stanford scandal fails to dampen interest in CDs


A scam that saw Stanford Financial Group allegedly sell $8 billion of misrepresented certificates of deposit to investors has not significantly affected interest in the products, say industry participants.

According to the complaint filed by the US Securities and Exchange Commission on February 17, Stanford Financial Group, which sold the certificates, claimed that the certificates were invested in a portfolio of diversified liquid investments that provided annual double-digit returns, a claim

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