More on the Stanford story: FT now reports panicked Antiguans are rushing to withdraw funds at the Bank of Antigua, part of Stanford’s financial empire on the island. At least 600 people were seen standing in a line stretching around a street corner, despite assurances from regional monetary authorities that the bank had sufficient reserves. Stanford’s operations in Venezuela and Panama have been similarly besieged. Venezuela’s regulator said on Wed that locals have around $2.5 billion invested with Stanford International Bank.
By editor Feb 18, 2009, 3:08 PM
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