SEC

Long Arm Of US Law Reaches Across The Pond To Freeze Stanford Assets

April 9, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The US securities regulator, the Securities and Exchange Commission (SEC), has extended its long arm yet again. This time it was as a part of an operation to locate and then freeze the personal and company assets of Sir Allen Stanford and his Stanford International Bank (SIB). Mr. Stanford – oh sorry I should say Sir Allen

Asset Management, Banking, Crime, Investment, Litigation, Securities

Billionaire Stanford Accused Of $9.2 Billion Fraud.

February 27, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The very colorful Texan billionaire, dual citizen and Knight from Antigua, and oh yeah cricket enthusiast, has been charged in the US with fraud allegedly amounting to $9.2 billion. Just like Bernard Madoff, Stanford – sorry, I should say Sir Allen – stands accused of operating a Ponzi Scheme. According to the US Securities and Exchange Commission

Asset Management, CARICOM, Crime, Investment, Securities