Tainted Money on the QC Arts Scene?

Now comes Stanford Financial Group, the latest Ponzi scheme to come crashing to Earth. Just so happens that Stanford, which has an office near South Park, was a big giver on the Charlotte arts scene in recent years.

In April 2008 Stanford announced gifts totaling $45K to Festival in the Park, Wing Haven Sanctuary and Carolina Raptor Center — all usual Arts & Sciences Council favorites. But an even bigger number likely gave Stanford title sponsorship of Blumenthal’s Broadway Lights series.

I am waiting to see which of Charlotte’s best and brighest admit to being hoodwinked by Stanford and if either BofA or Wachovia had any wealth-management exposure to its offerings.

Via Charlotte Mag.

Update: The Inter-Webs have spit out an interesting connection between Stanford and the DEA. Given the allegations of money laundering for Mexican drug cartels, very interesting indeed.

Update II: I see the Erik Spanberg went the same route and pegs the value of the Stanford sponsorship of a the Blumenthal series at $120K. I figured $100K tops. Shows you what I know.