NEW: Davis says Stanford loaned $40M to Antigua govt, never repaid

HOUSTON, Texas – James Davis said Allen Stanford loaned the Antiguan government $40 million and it was never repaid. Davis spoke about how Stanford decided to move Guardian bank in Montserrat to nearby Antigua before it was shut down there.

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China-built Antigua power plant said to be flawed

Chinese government officials are inspecting a power plant in Antigua amid allegations from the political opposition on the island that there are flaws in the recently completed project.Prime Minister Baldwin …

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Stanford used CD funds for cricket, jets: witness

HOUSTON (Reuters) – Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday. Stanford, 61, is on trial in federal court in Houston for leading a $7 billion Ponzi scheme from his offshore bank in Antigua in …

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Allen Stanford used CD funds for cricket, jets-witness

HOUSTON (Reuters) – Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday. Stanford, 61, is on trial in federal court in Houston for leading a $7 billion Ponzi scheme from his offshore bank in Antigua in …

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Ex-worker testifies that R. Allen Stanford spent lavishly

Says his former boss spared no expense on projects like his cricket grounds and airport hangar.

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Hometownstations.com-WLIO- Lima, OH News Weather SportsEx-worker says Stanford lavishly spent on projects

HOUSTON (AP) – A former employee for Texas tycoon R. Allen Stanford testified Tuesday that the financier lavishly spent tens of millions of dollars to develop property and businesses on the Caribbean island nation of Antigua, one time replacing the hardwood floors at his bank because they weren't the right color.

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Ex-worker says Stanford lavishly spent on projects

A former employee for Texas tycoon R. Allen Stanford testified Tuesday that the financier lavishly spent tens of millions of dollars to develop property and businesses on the Caribbean island nation of …

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Stanford Accused of Using Investor Money on Island Resort to Lure the Rich

A $330 million promissory note signed by R. Allen Stanford was introduced at his criminal trial as evidence that the financier secretly borrowed money from his bank to build a lavish “Stanford World in Antigua” and lure rich new clients.

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Kent arrange pre-season Antigua trip

Kent have become the latest county to indicate a preference for Caribbean sunshine over spring showers in England by organising a ten-day training camp in Antigua as part of their preparations for the new county season

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Fire hits school for special children, family compound

CEBU CITY — Two houses were destroyed and another one was damaged during an afternoon fire in Barangay Looc, Mandaue City on Sunday.An estimated P400,000 worth of infrastructure were destroyed when the fire broke out in three compounds owned by the Antigua family in Catalino Ouano St., Barangay Looc around 2:06 p.m.The fire also destroyed a house rented by the owner and facilitators of a school …

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