Investigators rummaging around Allen Stanford's Antiguan bank have confirmed media reports that $8 billion is missing, the Times of London reports. “The $8 billion you hear about in the media isn’t there,” one official told customers outside the Stanford International Bank. "It appears to be a Ponzi scheme.”
"We will be tracking the money in overseas banks, find a million in one, track another million to another bank,” the investigator said. “But there is nothing like $8 billion here."