Allen Stanford

Willis sued for providing ‘comfort’ letters to victims of alleged investment fraud

July 31, 2009

A class action complaint has been filed at federal court in Miami against Bermuda domiciled insurance group Willis regarding "safety and comfort" letters allegedly provided to certain victims of offshore banker Allen Stanford's alleged $8 billion Ponzi schemeThe action was

Antigua Gov’t sued by Allen Stanford depositors

July 19, 2009

A class action complaint has been filed in the United States against the Antigua government on behalf of all customers of accused fraudster Allen Stanford's Antigua licensed offshore bank, Stanford International Bank Ltd. The action was initiated at the U.

USA v. Allen Stanford et al: Criminal Indictment

June 18, 2009

Indictment alleging securities fraud and money laundering in USA v. Robert Allen Stanford, Laura Pendergest-Holt, Gilbert Lopez, Mark Kuhrt, and Leroy King at the U. S. District Court for the Southern District of Texas.

Insider Talking: March 11, 2009

March 11, 2009

PricewaterhouseCoopers LLP and PricewaterhouseCoopers (Bermuda) have paid the State of New Jersey $5.85 million to resolve allegations of fraud and accounting improprieties at Tyco International Ltd., according to a press release issued by New Jersey's Attorney General, Anne Milgram, on

Stanford International Management Ltd.

March 11, 2009

Public Statement about Stanford International Management Ltd. by British Virgin Islands Financial Services Commission.

US SEC freezes assets of Allen Stanford and his offshore banking group, accuses them of $8 b fraud

February 17, 2009

The United States Securities and Exchange Commission has appointed a Receiver for, and frozen the assets of, offshore banker Allen Stanford, his offshore bank and related parties after accusing them of perpetrating an $8 billion fraud. The SEC took action

Stanford Financial Group investigated by US authorities amid concerns over group’s legitimacy

February 13, 2009

Is Allen Stanford the offshore equivalent of Bernard Madoff? That is the question being asked by US regulators and the world's financial media. Stanford, a 58 year old Texas native who heads a global financial group that claims to have

Stanford Financial Group embroiled in two trademark disputes

December 8, 2008

The Stanford Group, which is headed by R. Allen Stanford and whose financial companies include an offshore bank in Antigua, has become involved in two trademark disputes at federal court in San Francisco, one as a defendant in an action

SEC investigates Stanford International Bank, issues subpoenas to former employees

August 4, 2008

For the second time in 19 years, an offshore bank controlled by Allen Stanford is being investigated by regulators. In the late 1980s, his Montserrat-licensed Guardian International Bank voluntarily surrendered its license, rather than have it forcibly revoked by the local authorities as part of a general clampdown against approximately 300 banks licensed in the jurisdiction.

Jamaica requests evidence from Miami firms Stanford Electronics and Madison Partner

December 11, 2007

Article based on an application to collect evidence for a criminal investigation into alleged tax evasion - pursuant to a request for judicial assistance from Jamaica - that was filed at the federal court in the USA on November 6, 2007.Individuals and businesses mentioned in the request for assistance inlcude Ho Ahm Hyun, Nam Huh, Myung Sook Hyun, Atlanta Electronics Limited, Madison Partner, Inc., and Stanford Electronics.

Stanford Group sued by alleged fraud victims

November 18, 2005

Antigua based Stanford International Bank Ltd. and a Miami affiliate are being sued in Florida by victims of an alleged investment scam known in Venezuela as ‘La Vuelta' (‘The Return').A civil complaint was filed at the U. S. District Court

Insider Talking: October 4, 2005

October 4, 2005

A Florida based stock promoter with a checkered past has been served with a subpoena on behalf of the liquidators of collapsed Cayman Islands based stock broker SEGOES Services Ltd. Howard Gostfrand, of Miami Beach, and his Florida incorporated stock

Insider Talking: September 30, 2003

September 30, 2003

Legal proceedings at the U. S. District Court for the Southern District of Florida involving a $170 million claim by Cayman Islands licensed Bank Espirito Santo International Ltd. against United States based receivables factoring firm E. S. Bankest LC et

Alleged money launderers sue Stanford International Bank

September 30, 2002

Antigua-licensed Stanford International Bank is being sued by two Mexican clients who had approximately $3 million forfeited to the United States authorities as part of a narcotics money laundering investigation. Two lawsuits have been filed in Miami by Juan Alberto Zepeda Mendez and Jorge Bastida Gallardo and their British Virgin Islands-registered IBCs, Radon Trading Ltd. and Kadir Overseas Ltd., respectively.

In the Matter of Stanford Trust Company Limited: Memorandum of Agreement

December 14, 1998

In the Matter of Stanford Trust Company Limited, d.b.a. Stanford Fiduciary Investor Services - Memorandum of Agreement - State of Florida Department of Banking and Finance - December 14, 1998

Former US regulators lend support to white-collar criminals in Antigua

October 31, 1998

A report that we have been told was paid for by powerful banker Allen Stanford and presented to the Antiguan government in January of this year as part of the review of Antigua's offshore financial services sector contained a recommendation that would have severely hindered efforts to combat rampant white-collar crime.

US freezes $3.2 m at Stanford International Bank

July 31, 1998

U. S. authorities have frozen nearly $3.2 million in accounts at Antigua-based Stanford International Bank, as part of an investigation into the illicit fortune of the late Mexican drug lord Amado Carrillo Fuentes, reported The Wall Street Journal.

R. Allen Stanford et al v. Klaus de Albuquerque et al: Libel Complaint

April 4, 1996

Libel Complaint in R. Allen Stanford and Bank of Antigua, Ltd. v. Klaus de Albuquerque and Caribbean Communications Inc. at the U. S. District Court for the Southern District of Florida.