Saturday, November 14th, 2015. Aaron Humes Reporting: According to international news reports, Mexican authorities are seeking the deportation or 
extradition of a Mexican American said to be involved in one of the largest fraud schemes in U.S. history.
David Miguel Nanes Schnitzer was arrested last week in San Pedro Town on a charge of uttering a false document, a Belize driver’s license in someone else’s name. He is being held without bail at the Central Prison in Hattieville because he is considered a flight risk.
Mexican authorities said on Friday that Nanes Schnitzer headed the Mexican arm of Stanford’s massive Ponzi scheme, which allegedly defrauded investors in Mexico of $706 million.
Mexico says it is pursuing the deportation or extradition of Nanes Schnitzer to face a 2011 arrest warrant for unauthorized securities transactions.
Stanford was sentenced in the United States to 110 years in prison after being convicted of bilking investors in a $7.2 billion sale of fraudulent certificates of deposits from the Stanford International Bank.