Allen Stanford linked to Christian evangelicals

Image via CrunchBase

Max Blumenthal has an outstanding article in The Daily Beast linking alleged financial conman Allen Stanford, with the evangelical website we all know and love as GodTube. God and Ponzi discusses how a Stanford owned firm called VCE Capital Partners, was a founding partner of the GodTube.

GodTube spokeswoman Holly Taylor says her company’s involvement with Stanford has made “zero business and financial impact” on the website’s parent companies, Tangle.com and Big Jump Media, and insisted that one of Godtube’s funders, VCE Capital Partners, purchased only “a nominal amount of shares,” with Stanford's holdings amounting to 0.5 percent of the company’s total shares.

GodTube has removed VCE Capital Partners from its website where they were listed as limited partners. I think they are looking to distance GodTube from the massive scandal surrounding Stanford. Good luck with that.

I find it disturbing that money allegedly stolen from investors would fund Christian outreach ministries like GodTube. I wonder what motivated this behavior? It could not be profit. GodTube’s business model seems pretty weak and their numbers are minuscule in comparison to mainstream sites like YouTube. I don’t think profit was a factor. Standford must have been doing the Lords work… with stolen funds. How nice. I wonder if GodTube will give the money back?

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