Antigua has taken the assets of Allen Stanford that were paid for and seized them.
The Antiguan government has made it clear it does not intend to pay a penny for the assets even though they were paid for by the victims of Stanford’s massive fraud aided and abetted by the Antiguan government.
The government now has the luxury of selling those assets a second time thus getting paid twice while the poor victims of Stanford get nothing.
Similarly the loans made by Stanford to the Antiguan government for the hospital, the library and to the bank of Antigua have now been wiped from the books again depriving Stanford’s victims of money that is rightfully theirs.
Do the victims of Stanford get sympathy from the people and government of Antigua? No, they are told to take their passports and leave the island. They are accused of being greedy and foolish to invest in an offshore bank. Perhaps the government should remember it was their duty to oversee the banks on Antigua and it was their failure to do so that has cost 28,000 depositors from around the world their life savings.
If the investors were foolish it was to trust the morally bankrupt island of Antigua and it’s government.
. Antigua received funds from the criminal proceeds of the Stanford Enterprises.
. Antigua deceived the SEC for the purpose of perpetuating the Stanford Enterprise and enriching itself.
. Antigua has misappropriated assets belonging to the Stanford Entities and, in so doing deprived the Class of assets that should be available to satisfy their claims against the Stanford Entities.
. Antigua conspired with the Stanford Co-Conspirators to perpetrate the fraud.
. Antigua aided and abetted the fraud committed by the Stanford Co-Conspirators.