Antigua Government Sued For US$1Million

National Security Minister Dr Errol Cort is facing a US$1 million lawsuit filed by investors in the Stanford International Bank (SIB) yesterday – the last day they were allowed by law to submit such a claim. Read more of this post

US Receiver Goes After Ex Stanford Workers

Ralph Janvey, the US receiver seeking to recover assets belonging to fraud-accused Allen Stanford and his companies, is now targeting the employees of the former billionaire. Read more of this post

Stanford Investors Seek To Block Antigua’s IMF Loan

  As Antigua and Barbuda awaits final word from the International Monetary Fund (IMF) on a loan it says it needs, victims of the alleged Stanford fraud are trying to stop the twin-island nation from accessing any funds from the lending agency.

In its latest campaign against the island, the Stanford Victims Coalition (SVC), through lawyers from the New York firm Morgenstern & Blue LLC, has written to members of Congress to get help blocking any IMF loan.

Antigua and Barbuda recently held talks with the Washington-based institution and are close to a final deal, although the amount it would receive has not yet been finalised. Read more of this post

%d bloggers like this: