Bloomberg.com: "July 13 (Bloomberg) -- A group of R. Allen Stanford-run business investors sued the government of Antigua and Barbuda, claiming the Caribbean nation helped the financier engineer an alleged $7 billion fraud scheme.
In a lawsuit filed today in a U.S. Court in Houston, seven investors say the island government received money in exchange for helping the financier conceal the financial condition of the Antigua-based Stanford International Bank Ltd.
“Antigua is sovereign but not above the law,” the investors said in their complaint. “It became a full partner in Stanford’s fraud, and reaped enormous financial benefits from the scheme.”"
In a lawsuit filed today in a U.S. Court in Houston, seven investors say the island government received money in exchange for helping the financier conceal the financial condition of the Antigua-based Stanford International Bank Ltd.
“Antigua is sovereign but not above the law,” the investors said in their complaint. “It became a full partner in Stanford’s fraud, and reaped enormous financial benefits from the scheme.”"
Its about time someone took this rogue "nation" to task.
ReplyDeleteBravo, and good luck!