A group of 10 United States Congress members wants to find out whether the Antigua & Barbuda Government breached international treaties in the entire saga that led to the fraud conviction of Texan billionaire R Allen Stanford.
Downfall of Texan tycoon Allen Stanford leaves Antigua in a spin
Billionaire R Allen Stanford wasted tens of millions of dollars developing property and businesses on the Caribbean island of Antigua, according to a former employee.
Financier faces up to 20 years in prison after jury finds him guilty of conspiracy and 12 other charges including obstruction Allen Stanford, the Texan financier, knight of Antigua, Washington power player and billionaire benefactor of English cricket, has been found guilty of orchestrating a $7bn Ponzi scheme. After a six-week trial in Houston, Texas, a jury found him guilty of conspiracy and …
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.
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 …
Andy Roberts and Curtly Ambrose, the two greatest fast bowlers to emerge from Antigua, believe that the demise of Allen Stanford’s cricket empire in the Caribbean has left an irreplaceable void in their own home country
Sir Allen Stanford’s lavish spending turned the Caribbean island of Antigua into his very own theme park, as our writer reports.
HOUSTON, Texas — Texas billionaire banker Allen Stanford, accused of masterminding a US$7.2 billion Ponzi scheme, involving his Antigua-owned Stanford International Bank (SIB), is suing United States government agents who built the case against him for a similar amount.
The High Court in Antigua has ordered that 400 former employees of the Stanford Financial Group (SFG) should be paid their retirement funds by the Eastern Caribbean Amalgamated Bank (ECAB), which was formerly owned by disgraced financier Allen Stanford under the name Bank of Antigua (BoA).