My guess on Stanford Firm's Deep Venezuela Ties? Money laundering for drug cartels. Speculation seems to be that it's tentacular.
I'm not anything like an expert on scams, but I suspect that Stanford's is nothing but a 419, AKA spanish prisoner, scam. But then, aren't they all?
I wonder about degrees of separation:
http://articles.latimes.com/2008/mar/11/world/fg-gordito11
Drug-trafficking suspect will be tried in Venezuela
March 11, 2008
Venezuela, Colombia and the United States finally appear to agree on something: that drug trafficking suspect Hermagoras Gonzalez Polanco is a dangerous felon.
[Polanco] controls as much as one-third of the 250 tons of cocaine that annually passes through Venezuela on the way to U.S. and European markets, authorities say.
Update: although I can see for miles and miles and miles....this one was a no-brainer, right?
Accused Financier Under Federal Drug Investigation