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News From Antigua and Barbuda

 
¤ Antigua Acquires an Upscale Profile
A growing number of Europeans are scouting real estate on the Caribbean island of Antigua, lured in part by new luxury properties and renovations.
¤ House Inquiry on Trips Is Criticized as Weak
Some ethics lawyers said the examination of corporate-sponsored travel showed that Congress was still loath to police itself.
¤ 2 Regulators List Lapses on Madoff and Stanford
The S.E.C. inspector general and the Financial Industry Regulatory Authority overlooked red flags, they say, that could have averted losses for investors.
¤ Financier Wins a Transfer After Having a Fight in Jail
A judge has allowed R. Allen Stanford, accused of bilking investors, to move to a detention center just blocks from his lawyer’s offices.
¤ Stanford Points Fingers in Fraud Case
R. Allen Stanford says that regulators are lying when they say he defrauded tens of thousands of investors. He blames the S.E.C. and his chief financial officer.
¤ Antigua’s Leader Vows Cooperation With U.S. in Investigation of Its Banks
The inquiry into fraud by Stanford Financial may lead to oversight of offshore banking.
¤ Fraud Case Shakes a Billionaire’s Caribbean Realm
The story of Robert Allen Stanford’s rise is intimately linked to his foray on the island of Antigua.
¤ Regulators Take Over Stanford’s Antiguan Bank
The bank requested move to prevent a collapse as depositors rushed to pull their money after financier was accused of fraud.
¤ S.E.C. Fines Didn’t Avert Stanford Group Case
Years before it was accused of fraud, regulators found violations but let the Stanford Group off with modest fines.
¤ As Others Fled Venezuela, Stanford Saw a Chance
As much as 30 percent of Stanford International Bank’s $8 billion in reported assets last year came from Venezuelans.
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