LETTER: What Became Of Stanford’s US $40 Billion

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By ‘SDC OWES ME’

R. Allen Stanford boasted a portfolio of US $60 Billion at the time of the downfall his money laundering and mail fraud empire, before the American prison replaced his elegant homes and posh hotel suites.

He was not lying, and after the US managed to squeeze their US $7 Billion from the several holds, it seems as if they gave up on retrieving the last hundreds of thousands still outstanding.

Meanwhile the remaining US $50+Billion lodged in 6 off-shore companies, continue to circle the globe.

With off-shore companies having attracted the watchful eyes of the Financial Agencies of the Government of the U.S. and Europe, the off-shore business is less talked about, but is still alive.

So who is responsible for the security of those illegal billions, and where are they lodged and under what name.

Seeing that Antigua seems to be harvesting its criminal expose in the Press in expectation of the US Court’s rulings, it just may be the right time to look for the Stanford loot.

The US liquidators were only looking for about US $8 Billion to satisfy their many senior depositors; so the US $50+ Billion left, owned by the depositors of the 112 countries ripped-off by R. Allen Stanford, has got to be lodged somewhere.

Recent international complications could cause the microscope on Antigua and its culture of welcoming strange scampish investors like Stanford, and those who went before him.

We must admit Antigua as a well advertised and recognized financial off-shore centre has had a failing grade in its Due Diligence, which has been filled by political involvement and self-enrichment by public officers at every level under the administration of both Parties.

They both loved, encouraged, and supported R. Allen Stanford.

In a situation where both parties were involved in the growth and development of the Stanford empire, one would ask why are they both so unconcerned about the final winding up of the Stanford assets, and the complete payoff of the past employees, some of whom are still unpaid.

But, are there any honest, untarnished persons in that support politic, who would dare to ask what happened to the Stanford Billions, which were in Off-shore companies registered in Antigua? Maybe now is the time to seize it, if it is still there!

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7 COMMENTS

  1. A bit of a contradiction. You lament the lack of honest public officials but you seek the seizure of funds and assets that were in-turn defrauded from a different group of people.

  2. “Meanwhile the remaining US $50+Billion lodged in 6 off-shore companies registered in Antigua, continue to circle the globe.“ This assertion as to $50B was made by this writer without providing ANY proof whatsoever that it exists. It was just completely made up by the writer. Why does ANR publish such BS letters?

  3. So this writer wants Antigua to benefit from the poisonous tree called Allen Sanford?

    And for the record writer, the most corrupt one on both sides, is the financial minister we have,so go figure.

    While you raise good questions,the fact is that we still need a government, and from where I sit, many of the UPP members are not even close to be corrupters of that corrupt landscape you mentioned.

    So yes, both sides have some greedy bastards yes, and that’s why we must go forward with a better youth movement in politics right now. But we all know that Gatson Browne wants to keep power forever so he can continue to cover up his side of his corruption.

    God knows Asot died with all of his when he was murdered in his own Kitchen

    Let’s not forget that part. So if you want to go digging, I’m all for it.. 😂

  6. SDC owes you? Interesting…if you waiting and hoping to cash in from Stanford’s ill gotten and hidden spoils you gonna be waiting forever

  7. Recently the Antigua Judge gave Antigua permission to take the monies left over from the Brazilian fraud Bank that was in Antigua. The judge could give Antigua permission to locate and seize the Stanford money, and you know what they do with what they seize, especially the proceeds of crime.

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