On the day world attention was focused on Antigua and Barbuda following the move by U.S. Securities Exchange Commission to move in and take over the operations of Texan billionaire Allan Stanford on Antigua, Prime Minister Baldwin Spencer announced general elections for the twin island state for March 12 in a national radio and television [...]
Antigua-based billionaire Allen Stanford has been charged with fraud by US authorities according to the Reuters agency. The Securities and Exchange Commission (SEC) said that it was “alleging a fraud of shocking magnitude”.
Linda Chatman Thomsen, director of the SEC’s division of enforcement, said: “As we allege in our complaint, Stanford and the close circle of [...]
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