Antigua Sun: "The Eastern Caribbean Central Bank (ECCB) and Bank of Antigua (BOA) have sought to reassure bank customers against panicking and making mass withdrawals of savings in light of fears surrounding recent allegations of fraud against the Stanford International Bank and other affiliates.
On Tuesday, the Securities and Exchange Commission (SEC) charged Sir R. Allen Stanford of fraud and multiple violations of US securities laws for alleged “massive ongoing fraud” involving US$8 billion in certificates of deposits. The assets of the Stanford International Bank, the Stanford Group Company and Stanford Capital Management were since frozen."
On Tuesday, the Securities and Exchange Commission (SEC) charged Sir R. Allen Stanford of fraud and multiple violations of US securities laws for alleged “massive ongoing fraud” involving US$8 billion in certificates of deposits. The assets of the Stanford International Bank, the Stanford Group Company and Stanford Capital Management were since frozen."
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