BusinessWeek: "The British Court of Appeal on Thursday upheld a ruling that an alleged Ponzi scheme by jailed Texas financier R. Allen Stanford was centered on the Caribbean island of Antigua, not the United States.
The decision was a defeat for a receiver appointed by U.S. courts to liquidate Stanford assets, Dallas lawyer Ralph Janvey. He had argued that even though the bank where the scheme originated was in Antigua, its 'nerve center' was in the United States."
The decision was a defeat for a receiver appointed by U.S. courts to liquidate Stanford assets, Dallas lawyer Ralph Janvey. He had argued that even though the bank where the scheme originated was in Antigua, its 'nerve center' was in the United States."
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