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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Antigua

Antigua stories: 17 news summaries

 Stanford 'Fraud 
 Scheme Sealed 
 With Blood Oath' 

Banker accused of giving bribes, Super Bowl tickets to Caribbean regulator

Aug 28, 09 6:13 AM CDT
(Newser) - Alleged Ponzi schemer Allen Stanford cut his wrist and made a secret blood pact with the banking regulator of the island of Antigua, where his bank operated, according to court documents. Stanford and the official pressed their bloody wrists together in a "brotherhood ceremony," after which the... More »

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fraud • SEC • conspiracy • Antigua • Ponzi scheme • bank fraud • bank regulation • Robert Allen Stanford

Website Uses Slain Couple's Photo, Fake Testimonial 

MyDishBiz run bogus testimonial with Mullanys photo

Jul 15, 09 6:37 PM CDT
(Newser) - Classy: An Ohio company put up a photo of a smiling couple along with a testimonial in which they rave about how much money they're making through the business. Problem is, the two people pictured are Ben and Catherine Mullany, British honeymooners murdered in Antigua last July, notes BoingBoing. "... More »

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Internet • murder • wedding • Antigua • advertisements • Benjamin Mullany • Catherine Mullany

Stanford Pleads
Not Guilty in $7B
Ponzi Scheme

Prosecutors call financier flight risk, ask he be held without bail

Jun 25, 09 12:01 PM CDT
(Newser) - Financier Robert Allen Stanford and three former associates pleaded not guilty today to federal charges they operated a $7 billion Ponzi scheme out of Antigua, the Houston Chronicle reports. Prosecutors asked the judge not to release Stanford, 59, on bail, saying his wealth, international connections and prospect of a long... More »

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crime • trial • Antigua • Ponzi scheme • Robert Allen Stanford • Stanford Bank

(Newser) - Alleged billionaire fraudster Robert Allen Stanford and six of his associates were indicted today on charges that they ran a $7 billion Ponzi scheme, the AP reports. Stanford turned himself in to authorities yesterday. “A fair jury will find him not guilty of any criminal wrongdoing,” Stanford’s... More »

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Department of Justice • SEC • billionaire • Antigua • Ponzi scheme • federal indictment • bank fraud • Stanford Financial Group • Robert Allen Stanford • Securities and Exchange Commission

Stanford Bank
in Antigua Missing $8B

'It appears to be
a Ponzi scheme,' investigator says

Feb 22, 09 5:03 PM CST
(Newser) - 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... More »

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fraud • bank • Antigua • Ponzi scheme • bank fraud • Stanford Financial Group • Robert Allen Stanford

Stanford Loses Cozy
Caribbean Domain

Mexican drug lord laundered money there

Feb 21, 09 1:11 PM CST
(Newser) - R. Allen Stanford is an institution in Antigua—so much so that some residents call the Caribbean island “Stanford Land”—and now the country is reeling from the SEC fraud case against him. The country has seized Stanford’s bank, but it’s still facing questions about its... More »

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fraud • money laundering • Antigua • Stanford Financial Group • Robert Allen Stanford • Bank of Antigua

(Newser) - Before he was charged with massive fraud, Sir Allen Stanford was often charged with an equally grievous offense: subverting the game of cricket. The Texan was among the sport’s deepest-pocketed fans, but the fast-paced Twenty20 tournaments he favored annoy purists. When Stanford put up $20 million in prize money... More »

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fraud • cricket • Antigua • Ponzi scheme • Robert Allen Stanford

 Antigua, Stanford's 
 Banking Base, Braces 

Account holders line up to withdraw money, despite assurances from PM

Feb 18, 09 11:53 AM CST
(Newser) - The SEC's allegations of fraud against R. Allen Stanford prompted concern on the tiny Caribbean island of Antigua, the base of the financier's bank. Despite reassurances from the prime minister, customers lined up at both branches of the Bank of Antigua to make withdrawals yesterday. Some seemed to emerge with... More »

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fraud • SEC • Antigua • Ponzi scheme • Stanford Financial Group • Robert Allen Stanford • Bank of Antigua

Stanford Spent Millions to Lobby Congress

$8B scammer's island junkets helped push anti-tax agenda

Feb 18, 09 10:39 AM CST
(Newser) - Billionaire R. Allen Stanford has spent millions of dollars in attempting to enlist high-powered Washington officials in his anti-tax efforts, reports the Wall Street Journal. Stanford’s investment companies spent over $5 million on lobbying, $2 million on campaign contributions, and thousands more on flying members of Congress to the... More »

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fraud • SEC • Charles Rangel • Antigua • Ponzi scheme • Virgin Islands • Gregory Meeks • securities fraud • defrauding investors • Stanford Financial Group • Robert Allen Stanford

Lawyer Bolted From Stanford, Sparking $8B SEC Action 

Attorney 'disaffirmed' earlier statements

Feb 18, 09 9:38 AM CST
(Newser) - A Washington attorney who represented R. Allen Stanford’s Antigua-based bank quit his post and recanted testimony to investigators last week, sparking the SEC’s public accusations of “massive, ongoing fraud,” Bloomberg reports. Stanford is suspected of misrepresenting the safety of $8 billion invested with his various financial... More »

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fraud • federal investigation • SEC • Antigua • Ponzi scheme • attorney • Stanford Financial Group • Robert Allen Stanford • regulator

(Newser) - Alleged fraudster R. Allen Stanford may not have been a household name before the SEC accused him of skullduggery yesterday, but not because he’s been keeping a low profile. Calling himself “Sir” Allen Stanford ever since he was knighted in Antigua in 2006, the colorful financier is the... More »

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fraud • Texas • golf • cricket • Antigua • Ponzi scheme • Stanford Financial Group • Robert Allen Stanford

OPINION

Fugitive Financier Has $8B Headstart

SEC has slim chance
of finding Stanford,
missing stash

Feb 18, 09 1:48 AM CST
(Newser) - Financier Robert Allen Stanford is now a fugitive and SEC officials don't look any likelier to get their man than his investors do to get their money back, Felix Salmon writes in Portfolio. Regulators have been sniffing around his operations for long enough to ensure he's got a contingency plan... More »

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fraud • SEC • fugitive • Antigua • Ponzi scheme • securities fraud • defrauding investors • Stanford Financial Group • Robert Allen Stanford

UPDATED

 SEC Accuses 
 Texas Firm of 
 'Massive Fraud' 

$8B missing, bank barring withdrawals from offshore accounts

Feb 17, 09 11:43 AM CST
(Newser) - The SEC today accused Robert Allen Stanford, head honcho of Stanford Financial group, of running a “massive, ongoing fraud,” and roughly 40 policemen and other law enforcement officials raided the group’s Houston headquarters. The group sold $8 billion in certificates of deposit with abnormally high rates of... More »

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fraud • SEC • Antigua • Ponzi scheme • Stanford Financial Group • Robert Allen Stanford

Two Busted in Honeymoon Murders

Antigua charges
man and teen in
robbery gone tragic

Aug 19, 08 3:46 AM CDT
(Newser) - A 20-year-old man and a teenager in Antigua have been charged with murder and robbery in the shooting deaths of a honeymooning British couple last month, the Guardian reports. The two are expected to remain in custody until they face trial. The victims were buried last week at the Welsh... More »

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murder • Caribbean • Antigua • honeymoon • Benjamin Mullany • Catherine Mullany

Groom Dies
of Injuries in Honeymoon Robbery Attack

Local pot dealer questioned by cops

Aug 4, 08 3:02 AM CDT
(Newser) - A honeymooning groom wounded in what was apparently a botched robbery has died of his injuries, the Daily Telegraph reports. Ben Mullany, 31, was declared dead a week after his pediatrician bride died in the shooting in their honeymoon suite at a popular Antigua resort. The couple will be buried... More »

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crime • robbery • Antigua • honeymoon • Benjamin Mullany

 Bride Murdered on Honeymoon

6 held as husband fights for life after suspected botched robbery

Jul 29, 08 2:34 AM CDT
(Newser) - Six people are being questioned in the murder of a British bride on the final day of her honeymoon on the Caribbean island of Antigua, reports the BBC. The 31-year-old pediatrician was shot dead and her husband critically wounded in what investigators say was a botched robbery at a cottage... More »

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murder • Caribbean • Antigua • South Wales • Cocos Hotel Antigua • honeymoon • Benjamin Mullany • Catherine Mullany

US Scores With Only $21M in WTO Sanctions

Antigua sought $3.4B for online betting ban; US talks revising treaty

Dec 21, 07 4:13 PM CST
(Newser) - The WTO ruled today Antigua could impose $21 million in trade sanctions on the US because of an online betting ban, a significant loss for the Caribbean island that had sought $3.4 billion. The trade organization recognized the American authority to police public morals but said Washington could not... More »

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copyright law • WTO • Antigua • US Trade Representative • online betting

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