Antigua & Barbuda

Next  Judge orders Stanford jailed until trial Wednesday, July 1, 2009 HOUSTON, USA (Reuters) - A federal judge on Tuesday ordered Texas financier Allen Stanford, accused of a $7 billion fraud, held without bail until trial. US prosecutors had argued that Stanford, who faces life in prison if convicted on all charges, had the means and motive to flee. Stanford spent 15 years living in the Caribbean. read more... Stanford to remain jailed until June 29 court hearing Saturday, June 27, 2009 HOUSTON, USA (Bloomberg) -- Allen Stanford, the Texas financier accused of swindling investors in a $7 billion fraud, will be held in jail until a June 29 court hearing on whether an order granting him bail should be reversed, a judge ruled. The request to delay Stanford’s release on bail was filed on Friday. read more... Antigua arrests ex-regulator in Stanford fraud case Friday, June 26, 2009 MIAMI, USA (Reuters) -- Antigua and Barbuda's authorities arrested the country's former chief financial regulator on Thursday over US charges that he collaborated with Texas billionaire Allen Stanford in a $7 billion fraud. Leroy King was detained on a provisional warrant requested by US authorities. read more... Stanford pleads not guilty to fraud Friday, June 26, 2009 HOUSTON, USA (AFP) -- Texan cricket mogul and billionaire financier Allen Stanford on Thursday pleaded not guilty to 21 charges of multi-billion dollar fraud, money-laundering and obstruction. Stanford appeared in a Houston court along with three of his four co-accused charged with running an investment scam. read more... Antigua-Barbuda becomes third OECS country to join ALBA Friday, June 26, 2009 ST JOHN'S, Antigua -- Antigua and Barbuda on Wednesday became the third country within the OECS to sign on to the Bolivarian Alternative for the Americas (ALBA) during a ceremony in Venezuela. Prime MInister Spencer during his statement at the singing ceremony said that the country's accession to... read more... Antigua sacks regulator over Stanford 'cancer' Wednesday, June 24, 2009 MIAMI, USA (Reuters) -- Antigua and Barbuda's government on Tuesday dismissed the country's chief financial regulator over his alleged role in the Allen Stanford fraud case, and vowed to root out further corruption "cancer" if it existed. Leroy King had already been suspended last week. read more... Two more Caribbean countries join ALBA bloc Tuesday, June 23, 2009 HAVANA, Cuba (ACN) -- Venezuelan President Hugo Chavez announced that Ecuador, Saint Vincent and the Grenadines, and Antigua and Barbuda will join this week the Bolivarian Alternative for the Americas (ALBA), a Latin American and Caribbean bloc for integration and cooperation. According to Prensa Latina news agency... read more... Accused Antigua regulator gave Stanford clean bill Saturday, June 20, 2009 MIAMI, USA (Reuters) -- Days before Allen Stanford's business empire came crashing down in February, the top regulator in the Texas billionaire's Caribbean banking base of Antigua and Barbuda blithely declared that his flagship bank there had passed a "satisfactory" test. read more... Stanford clients comforted by arrest, still angry Saturday, June 20, 2009 BOSTON, USA (Reuters) -- Investors burned by Texas billionaire Allen Stanford took solace from his indictment on Friday, but many remained devastated by their losses and frustrated at their inability so far to recover the money. The arrest does little to ease the pain of the 30,000 investors affected by the scam. read more... Stanford, Antigua regulator charged with fraud Saturday, June 20, 2009 WASHINGTON, USA (AFP) --Texan billionaire financier and cricket mogul Allen Stanford and four others were charged Friday with 21 counts of fraud, money-laundering and obstruction in a huge eight-billion-dollar scam. Some 30,000 investors from across the world, including thousands of Americans, were defrauded. read more... Stanford alleges conflict in SEC case Thursday, June 18, 2009 CHICAGO, USA (Bloomberg) -- Baker Botts LLP, the law firm of former US Secretary of State James A. Baker, should be disqualified from representing the receiver appointed to run the businesses of Allen Stanford because, according to the financier’s lawyers, the firm helped set up a Stanford bank. read more... Major drug seizure in Antigua Monday, June 15, 2009 ST JOHN’S, Antigua -- On Thursday, an operation conducted by the Office of National Drug and Money Laundering Control Policy (ONDCP) in Antigua and Barbuda resulted in the seizure of approximately 1,064 lbs of marijuana with an estimated street value of EC$5,107,200. read more... Commentary: PM Baldwin Spencer faces his Waterloo Monday, June 15, 2009 For several months leading up to the general elections held in March of 2009 to now, the United Progressive Party (UPP) has seen some grim times. It became increasingly obvious that though the UPP boast accountability, transparency and good governance in philosophy, and enacted legislation to ensure the same... read more... Stanford liquidators feud over $198 million in UK assets Saturday, June 13, 2009 HOUSTON, USA (Bloomberg) -- Allen Stanford’s UK assets seized in a fraud probe have sparked a legal fight between court-appointed liquidators from the US and Antigua who are both seeking the right to distribute the money to creditors. Lawyers told a London court this week that they can’t reach an agreement read more... Antiguan ship seized by pirates off Oman Saturday, June 13, 2009 BRUSSELS, Belgium (AFP) -- A cargo vessel from Antigua and Barbuda has been seized by pirates off the coast of Oman, the first such attack in the area, a NATO spokesman told AFP on Friday. NATO defence ministers earlier Friday agreed to prolong the military alliance's anti-piracy operations. read more... Don't underestimate accomplishments says Antigua-Barbuda PM Wednesday, June 10, 2009 GEORGETOWN, Guyana -- While implementation of decisions taken by Heads of Government of the Caribbean Community (CARICOM) may not occur as quickly as citizens desire, what had been accomplished ought not to be underestimated, Baldwin Spencer, Prime Minister of Antigua and Barbuda said. read more... Stanford lawyers blast receiver's $20 million request Saturday, June 6, 2009 HOUSTON, USA (Reuters) -- Lawyers for Allen Stanford, the Texas financier charged with an $8.5 billion fraud by US regulators, on Friday characterized a $20 million fee request by the case's receiver as "exorbitant," according to a court filing. Lawyers for the US Securities and Exchange Commission also filed objections. read more... Commentary: Antigua and Barbuda: A nation plagued by social irrationalism Thursday, June 4, 2009 I made a conscious decision to stay out of Antigua and Barbuda politics for over two decades and was prepared to perpetually resist the temptation of active participation. That was true until my youngest brother; Willmoth Daniel, and other members of the then opposition, the UPP, persuaded me to get involved. read more... Stanford used CD funds for lavish life, says Antigua liquidator Tuesday, June 2, 2009 HOUSTON, USA (Reuters) - Allen Stanford, the Texas financier accused of an $8.5 billion fraud by US regulators, used client funds to pay for his jet-set lifestyle, the Antiguan liquidator in the case said on Monday. Stanford used the money to pay for jets, lavish homes and yachts, Hamilton-Smith told Reuters. read more... Commentary: Is Daniel in the Lion's Den? Monday, June 1, 2009 Will former deputy PM, Wilmoth Daniel’s demise, paralyze the government of Antigua and Barbuda or will the government be forced to save itself from Daniel’s fate? Prime Minister Baldwin Spencer appears hiding in plain view. His silence and inaction following Daniel’s resignation may suggest... read more... Antigua-Barbuda opposition leader calls for clear and unambiguous policy on immigration Monday, June 1, 2009 ST JOHN’S, Antigua -- Antigua and Barbuda opposition leader Lester Bird agrees with the honourary consuls of Jamaica and Guyana that there should be a clear and unambiguous policy on immigration. In a radio broadcast on Sunday, Bird said in this way no one will be in any doubt about the policy. read more... Short-stay visa waiver agreements signed between EU and four Caribbean countries Friday, May 29, 2009 BRUSSELS, Belgium -- Short-stay visa waiver agreements were signed on Thursday between the European Union (EU) and four Caribbean countries in a ceremony that took place in Brussels. The agreements provide for visa-free travel for the citizens of the EU and for the citizens of the four countries read more... Former Antigua-Barbuda deputy PM gives reasons for resignation Thursday, May 28, 2009 ST JOHN’S, Antigua -- Former Antigua and Barbuda deputy prime minister, Wilmoth Daniel, has written a four-page letter to Prime Minister Baldwin Spencer outlining his reasons for his resignation as the country's second in command. He said that he was wrongfully accused of corruption and Spencer faild to stand by him. read more... OECS Heads say meeting was a watershed Thursday, May 28, 2009 TORTOLA, BVI -- OECS Heads of Government wrapped up their 49th Meeting in Tortola, British Virgin Islands on May 22, calling it a watershed in the historical evolution of the organization. Heads noted the enhanced international profile of the Organisation which has resulted from the repositioning of the OECS. read more... Antigua-Barbuda opposition leader accuses PM of heartless immigration policy Wednesday, May 27, 2009 ST JOHN’S, Antigua -- Antigua and Barbuda Opposition leader, Lester Bird, has accused Prime Minister Baldwin Spencer of operating a clandestine and heartless policy toward nationals of Caribbean Community (CARICOM) countries, in particular, Guyanese and Jamaicans. The ALP leader expressed his party's deep concern. read more... OECS issues lengthy release on decisions taken at meeting in BVI Tuesday, May 26, 2009 ROAD TOWN, BVI -- The Organisation of Eastern Caribbean States (OECS) reportedly had a successful meeting in Tortola, BVI, and issued a lengthy 14-page release on matters discussed and decisions taken. The first was the taking of the chairmanship by Montserrat Chief Minister, Dr Lowell Lewis. read more... Commentary: Overcoming the fear of cooperation Monday, May 25, 2009 At a time when Antigua and Barbuda is fast approaching a deadly minefield, mere inches away from economic catastrophe --a situation that reflects the general trend throughout the Caribbean -- the United Progressive Party (UPP) government must transform the nation into a managerially accountable state. read more... Industrial Court grants order to prevent LIAT pilots taking industrial action Saturday, May 23, 2009 ST JOHN’S, Antigua -- The Industrial Court in Antigua and Barbuda issued an order on Friday preventing LIAT pilots from taking any industrial action against the airline. The Order was signed by Philip A. Pilgrim (President), Samuel A. Aymer and Glendina M. McKay - the members of the Industrial Court. read more... US Navy completes mission in Antigua-Barbuda Tuesday, May 19, 2009 ST JOHN'S, Antigua -- Military Sealift Command hospital ship USNS Comfort (T-AH 20) said goodbye to the people of Antigua and Barbuda on Saturday after spending 11 days providing medical, dental, veterinary, engineering, and other services through its Continuing Promise 2009 mission (CP09). read more... Stanford impatiently awaits criminal charges Tuesday, May 19, 2009 HOUSTON, USA (AFP) -- Three months after regulators shut down billionaire Allen Stanford's banks for an alleged 9.2 billion-dollar fraud, the colourful cricket mogul has yet to be charged with a crime. The wait has gotten so long that Stanford even tried turning himself in to federal marshals earlier this month. read more... Antigua-Barbuda education minister and Chinese diplomat discuss assistance for improving education Monday, May 18, 2009 ST JOHN’S, Antigua -- Improving education locally through the assistance of China formed the basis of discussions held last week between the Chinese Ambassador and Antigua and Barbuda's Minister of Education, Sports, Youth and Gender Affairs. Dr Jacqui Quinn Leandro met Ambassador Chen Ligang on Wednesday. read more... Stanford Bank's Antigua receivers can seek bankruptcy in US Monday, May 18, 2009 HOUSTON, USA (Bloomberg) -- Stanford International Bank Ltd’s Antigua receivers can seek relief under US bankruptcy laws for the business US regulators claim was at the heart of an alleged $8 billion fraud by financier Allen Stanford, a federal judge has ruled, allowing the receivers to pursue relief under Chapter 15. read more... Stanford receiver requests $20 million for expenses Saturday, May 16, 2009 HOUSTON, USA (Bloomberg) -- Stanford Financial Group Co.’s court- appointed US receiver, Dallas lawyer Ralph Janvey, has asked a judge for $20 million to cover fees and expenses during two months of work on behalf of investors allegedly swindled by financier Allen Stanford. read more... Stanford's Antiguan liquidator seeks bankruptcy case Saturday, May 16, 2009 HOUSTON, USA (Bloomberg) -- Stanford International Bank Ltd’s Antiguan liquidator has asked a US judge to overrule federal regulators, tax authorities and the bank’s US receiver and let the Caribbean receiver pursue assets belonging to alleged Ponzi scheme mastermind Allen Stanford in US bankruptcy courts. read more... Antigua's Christian targets another sprint double in Ponce Saturday, May 16, 2009 PONCE, Puerto Rico -- Antigua’s Brendan Christian will attempt to retain his sprint double titlle at the Ponce Grand Prix meeting at the Paquito Montaner Stadium in Puerto Rico on Saturday. Christian will again seek another 100m and 200m double as he continues his preparation for the World Championships. read more... Allen Stanford's ex-CIO pleads not guilty Friday, May 15, 2009 HOUSTON, USA (Reuters) -- A former top aide to Texas financier Allen Stanford pleaded not guilty on Thursday to charges of obstructing an SEC investigation of an alleged $8.5 billion fraud. Laura Pendergest-Holt, 35, the ex-chief investment officer of Stanford Financial Group, was indicted on Tuesday. read more... Antigua-Barbuda opposition accuses government of closing door to participation Thursday, May 14, 2009 ST JOHN’S, Antigua -- The opposition Antigua Labour Party (ALP) has accused the Antigua and Barbuda government of closing its door to the participation of opposition political parties to the formulation of solutions for the major problems facing the country. The ALP said it is bewildered at the stand the government is taking. read more... New British High Commissioner appointed for Eastern Caribbean Wednesday, May 13, 2009  BASSETERRE, St Kitts (CUOPM) -- A new British High Commissioner to St Kitts and Nevis has been named. He is Paul Brummell, who will be based in Barbados and will also serve the other islands in the Eastern Caribbean. Brummel who takes up his appointment in October this year is a career diplomat. read more... IRS opposes Stanford's Antigua liquidators Tuesday, May 12, 2009 HOUSTON, USA (Reuters) -- The Internal Revenue Service said on Monday that Antiguan liquidators seeking US court authority over Allen Stanford's offshore bank may hinder the agency's attempts to collect $227 million in back taxes from the billionaire who faces civil fraud charges. read more... Resignation of deputy PM underlines lack of confidence in government, says Antigua-Barbuda opposition leader Monday, May 11, 2009 ST JOHN'S, Antigua -- Addressing the country on Saturday, The leader of the opposition Antigua Labour Party, Lester Bird, said that the resignation of Wilmoth Daniel as deputy prime minister in the United Progressive Party government on grounds of no confidence in the Prime Minister speaks for itself. read more... Next

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