Business News from the Caribbean
as of
|
Stanford victims ask US Congress to block IMF loan to Antigua
|
| Published on Monday, October 26, 2009 | Email To Friend Print Version
|
DALLAS, USA -- The Stanford Victims Coalition and the law firm Morgenstern & Blue sent a letter on Friday to over 50 US Senators and Congressmen asking them to block Antigua from receiving any funding from the IMF.
Antigua’s involvement in the $7.2 billion Stanford International Bank scandal is claimed to be just one example of the country’s history of corruption, and the alleged Stanford fraud led to the losses of the life’s saving belonging to 28,000 victims from around the world.
Antigua is accused of profiting from its relationship with Stanford for many years and now it has taken steps to expropriate properties that were purchased with up to $1 billion of investors’ funds. Antigua, the letter says, has shown it has absolutely no regard for citizens other than its own and has now actually stolen property rightfully belonging to others. It is alleged that this is not something Antigua is unfamiliar with and the country has a long history of taking similar actions.
Peter Morgenstern, of Morgenstern & Blue, and members of the Stanford Victims Coalition are reportedly due to meet with attorneys from the Senate Foreign Relations Committee in Washington, DC this week to discuss the committee’s investigation into Antigua’s actions.
Meetings are also scheduled with other US Senators and Congressmen to discuss what other actions should be taken to stop US aid to Antigua and cut off sources of alternative funding for the island until the Stanford properties are released and Antigua comes up with a plan to help restitute the victims of the Stanford International Bank fraud. | | | | Reads : 1555 | | | |
|
|
Click here for Business News archives prior to February 16, 2007...
|
