Tuesday, May 23, 2006

Some Family Ties Have Strings Attached

R. Allen Stanford—founder and chairman of the Stanford Financial Group in Houston—recently donated $2.5 million dollars to restore the home of Leland Stanford, Sr., who founded Standford University with his wife Jane. Allen has claimed that Leland's father was "closely related" to his own great-great-great-grandfather.

The University is suspicious. Some suspect that Allen Stanford is trying to buy some good publicity for his offshore banking outfit.

“I am not aware of any genealogical relationship between Allen Stanford, founder of Stanford Financial and Leland Stanford,” [Susan] Weinstein — the official guardian of the usage of the University’s name — said. “Of course, this does not mean that there is not a distant relationship — but it does not show up in any of our records.” [Link]

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