Daily News Channel
A financial analyst who studied public documents about Stanford International Bank for a friend who was considering investing in it said Thursday that it took only a cursory look to determine something was wrong. “It was kind of shocking, but then I began to think about who would actually be looking at this and who should be looking at this,” Alex Dalmady told CNN.
Antiguan and Barbudan regulators Friday took control of U.S.financier Robert Allen Stanford’s financial institutions on the twin-island nation, a day after federal agents served the Texas businessman with papers accusing him of running an investment fraud scheme.
The England and Wales Cricket Board have confirmed they have terminated all contractual links with Sir Allen Stanford — the Texan billionaire charged with an alleged nine billion dollars fraud by the Securities and Exchange Commission. All negotiations between the ECB and Stanford were immediately suspended when the news broke on Tuesday — and the governing body has now formally announced they will not play any further Stanford Twenty20 matches in Antigua as well as shelving plans for the Quadrangular Twenty20 events, which were due to start at Lord’s in May.
Venezuela’s government seized a local bank owned by Allen Stanford Thursday as politicans and banking regulators in the region attempted to quell panic after the flamboyant Texan financier was charged over an alleged multibillion dollar fraud scheme. Customers in Latin America and the Caribbean have been queuing up or logging onto online banking services to withdraw money from institutions owned by the Stanford Group
A British couple has been detained at Margarita Airport in Venezuela after 24 kilograms of cocaine was allegedly found in their luggage, according to press reports. “This bank does not have any problem, is a healthy financial institution,” Edgar Hernandez Behrens, Venezuela’s superintendent of banks, said of Stanford Bank Venezuela, the state-run ABN news agency reported. An estimated $2.5 billion to $3 billion has been invested in the bank, he said
The murders of two super-yacht staff within a fortnight have shaken the luxury yacht industry and sparked calls for crews to exercise extreme caution. Both murders occurred in popular yachting destinations in the Caribbean islands and involved violent attacks