HOUSTON, Texas — Texas billionaire banker Allen Stanford, accused of masterminding a US$7.2 billion Ponzi scheme, involving his Antigua-owned Stanford International Bank (SIB), is suing United States government agents who built the case against him for a similar amount.
The suit, filed in federal district court here says the agents — including federal prosecutors, FBI agents and regional officials of the Securities and Exchange Commission (SEC) —conspired to deprive Stanford of his constitutional rights.
The lawsuit says the agents violated Stanford’s rights to due process and effective counsel, as well as constitutional prohibitions against unreasonable search and seizure and excessive fines.
Many of your commentators are pretty naive. Do you not do your research before you write ? If you do you will realise that Stanford ran a very effective Ponzi scheme. His assistants are all in jail. Stop feeling sorry for the man because you see him in a jail outfot. You should sympathise with all the retirees who lost their investments. Ask Justin, the D/A what he thinks.
Uk Dcn………………u need to watch what u’re saying..because stanford wasn’t the usual rich white man…he gave alot to Antigua and the Caribbean on a whole. see as a result of his indictment how our 20-20 has dropped, from every island competing to just a thew……the guys must be credited for aleast trying and give back to the people of antigua……
Compensation
all over the Caribbean you see all these white men living like kings..with the best land on the island. no one questioning where they got all their money from..
A bunch of white criminals from Europe and the United states flee their homeland and come to the Caribbean with their dirty money and build their empire. something has to be done about that. soon!!!
You need to phase your comment right? You are out of context, with the Wright stories
i feel for stanford my boo best friend in antigua. god is good if he is guilty he will pay only god can judge him. have strength dear mr stanford.
Stanford – from rags to riches and riches to rags and imprisonment. Stanford has the nerve to sue the US government. Shame on him. He is just playing for time.
Stanford did not primarily steal anyone’s money? How do we know? The man is from Texas. Figure this out.
Some people assume that Stanford is a good person who helped others. How much did you read about him specifically since his arrest and prison incarceration? Did you read the entire story? You must read it and cease blaming the FBI and US for his arrest and exonerating him from crime. The US and FBI know more than Dominicans who specifically reside in Dominica know.
He lived a lavish life off the avails of investors’ funds. As they invested he used their money to pay other investors. This is a ponzi scheme and a crime. It was not his money. It was only a matter of time that investors would most certainly lose all and even Stanford himself would have fallen.
I had my reservations when I read that he was investing in Antigua. I thought, where did he get all that money from, posing as a millionaire in Antigua.
I think he wanted to take the vulnerable and gullible Caribbean/West Indies by storm and by crook.
Do you ever give it a thought and question why some of them migrate to the West Indies with all that money? These people need to be investigated prior to West Indians placing their confidence in them as rich-looking people of status.
Thank God he did not have the opportunity to invest in Dominica. God preserved Dominicans from being deceived. Be thankful to God that he was caught.
Stanford has some well-paid lawyers who will defend him and try to make the world feel that he is an innocent person who was wrongfully accused. They will do their utmost to exonerate him. Money which can be the root of all evil talks extremely loud and is capable of deceiving.
Just keep in mind, to the enlightened they know better. So does God of all who knows better than anyone else, who knows sees and hears all things, whom nothing is hidden from, whom no one can hide from, He who does not deceive and canst be deceived. Thanks be to God.
ArlAwe stealin. Who stealin on duties. Who stealin on Taxes. Who stealin on the amount dey charge for dier goods an services. Who stealin on work time. Who going to work an not working. Who using employer’s telephone to make dier calls. Who chargin mo 4 sumting because it scarce. Who cheatin on dier spouse or lova. Who lying to save their skin. The list goes on. Take de beam from your eye b4 u stretch to show the beam in another man’s eye. If we would follow dat rule, most of us would be much better off. People who throw themselves in the frey to improve de lives of poor people must be supported not destroyed. If day make a mistake day r only human like d rest of us. The difrans is day youzin dier lives to make a difrance wya it is needed. I prefer to have a teef who sharing wif da poor dan to have a righteous man who is immune to the cries of the unfortunate in his midst. Show me a perfect man and I will show you a liar.
Do you know this saying? “Who knows what lurks in the heart of man/woman?”
Whatever other evil people do that is between themselves and God. Do not compare them to Stanford and vice versa. Stanford has to pay for his evil actions.
The topic here is Stanford and also those whom he deceived – not other people who are not the topic of this article.
Some of you appear not to know the difference of good and evil. You need to learn about that.
There is still no room for excuses. Evil is unacceptable. Many have suffered financially, physically, have lived in fear and have also lost their lives due to the evil actions of such people.
We need to think beyond.
There is a tendency for some people to applaud evil. Their reaction of condoning evil and to such stories are not that of good people who possess good hearts. Our actions also speak louder than our words.
People do not steal from Paul to pay Peter or to give others, s the saying goes. Even though it is to make those lives a better one, stealing is a sin. Thou shalt not steal whatsoever.
There are evil people who to the limited human mind appear to perform good works. This can be meant to deceive others, to cover-up their evil actions and make belief that they are good people so that they will never be questioned, never doubted and not caught while rejoicing about the gullibility of those whom they are deceiving and who are too blind to detect it. These are the traits of deceivers.
Evil must not be exalted. Those who do evil/commit crimes in whatever manner should never be exonerated from their evil works. Evil works come from the devil. It does not come from God.
The only way they should be exonerated, if this is acceptable, they must humbly be sorrowful for their actions and make restitution to those whom they harmed and most of all to God, in order to appease God Himself. This is why there is a Law of the land and a prison.
Some people do not consider that when they do evil, if caught by the Law of the land, they will have to face earthly punishment. Most of all what they do is written in either the Eternal Book of Life or Book of Death. One way or the other they will be caught. They will not escape.
Our Lord Jesus Christ said: Matthew 5:48 – “…So be perfect just as your Heavenly Father is perfect.”
Therefore, consider that He who is all holy and pure will never condone evil; never make excuses for us; never accept accuses and never exonerate anyone from evil acts.
The Lord has spoken loud and clear. He said: “Hear and understand. Those who have ears ought to hear.” I like to add, eyes to see and read. His commands are to be obeyed. Otherwise, there is a penalty for disobeying Him. The result of this is also the final eternal detriment and fate for those who commit evil and continue doing so with no intentions of ceasing their evil actions and without making restitution to God of all.
Those who condone and applaud it and make excuses for those who commit evil may very well meet the same fate. Keep in mind The Words and Teachings of The Lord. Never encourage, condone, be complacement with, make excuses and applaud evil.
All Christians should be fully aware of that. We must be fair and just people and note what harm has been done to people because of the evil actions of others.
What an interesting pic of Standford, fits the news item well, lol. On another case, what is really going on with all of this Standford business? There seems to be more to this story that we are not aware of!!!
AA!!
D man health improve so much to have done a 180.
It was wonderful to see the smile on the crikiers face`s he did wonders for the carribean Islands please let the man out now
Stanford is just a pawn in the grand ponzi game. His crime? He wasn’t too subservient to the wishes of his “handlers,” and so they had to get rid of him. Otherwise, he is no more illegal than is George Soros.
BELIEVE IN ONE DAY! NO MAN CAN OUTRUN FOREVER THE LONG ARM OF THE LAW.
LET HIS STORY BE A LESSON TO ALL CRIMINALS AND A DETERRENT TO THOSE WHO INTEND ON STARTING.
That is the quirk of fate. The law has been given a long arm but on so many occasions it uses it like an a(*
How about Bernie Madoff? Is he innocent too? What do you think?
Sanford will not come back from this. He will be lucky if he gets out of jail alive, much less returning to his glory days.
One is not the other. Bernie Madoff made off with people’s money, used it on himself and his family, and his company collapsed. This man had a vibrant business going that was seized. He used his wealth to help others. Its like comparing chalk and cheese.
lmao… Allen Sanford did the same thing… Ponzi scheme, Ponzi scheme, Ponzi scheme, Ponzi scheme!
During a relevant conversation about Bernie Madoff someone stated: “Bernie will rot in prison.” One hundred and fifty years for him. Obviously, he will never survive those years. Is it not sad that some people lived such lavish lives and now they are imprisoned for life? They are reduced to nothing. It is indeed a lesson for all. Yet, there are some who will continue deceiving others and believe that they will not be caught but they will in time, if not by the Law of the land but by God Himself. In their ignorance, they do not know that they are already been caught by God and will have to pay a dear price for their deeds. This is the fair and just punishment of our impartial God.
all those who say it good for sanford like erol cort will pay
This is just a scare tactic. TECNICALITIES.Sandford lawyers using a strategy to veer…
that happens in Dominica too. Tony Astapahan is a boss of that…
Sandford looking foo in that photo.. Sakwe voley
Thats was the biggest blunder of all times.. even if this man was a con as they claim, he meant well and should have been given the time of the day
i totally agree with u ….my heart went out to him after all what he been through
stanford was a very good man to antiguan people. the amount of persons who had jobs, houses cars, money etc just name it because of this man……just take a good look at the v c bird int’l airport. this man made this place so lovely………….he meant all good to thes people
sympathy for criminals, wha, our world is a sick one… what about the victims who lost their money… i see the same thing happening in dominica. praises to criminals while our countries developement is cheated…
I know they didn’t have evidence on him that’s why his case couldn’t call up to now. The wall street man was caught after him and sentenced and up to now they can’t sentence him. Fire Burn Wicked
Only God knows who steal from who doh steal. The FBI and the SEC took millions of dollars to pay themselves. That belonged to somebody else. So far I have not heard of any of Sanford’s investors calling for money that he did not pay until the FBI and the SEC dipped their greedy hands into his business.
All of his investments were income generating.
he truely did good for the poor, but why did he put himself with drug catel, and the holy-death religious cult? only whats done for Christ will last. lesson to be learned
The voley did not know that they were looking at him all the time he was in Antigua spending lavishly what was not his? If he did not steal other people’s money he would not be in jail now. He is not going to win . He needs 7.2 billion kicks
When the U.S. are out to get you they’ll use every dirty trick in the book to bring you down. The U.S is nobody’s friend except their own. They’ll inject your country with a problem, then they’ll come like and angel with the perfect solultion to solve the SAME problem they just gave you.
You think all the men dying of prostate cancer and women with ovarian cyst and breast cancer/diabetes are happening by chance…?! Look to the north and you’ll find the root of the problem.
If there is one thing I would like the minister of foreign affairs to get from or Chinese ‘friends’ is their medical (and herbal) expertise, especially in combating cancer and diabetes.
Waw! quite true…from crude methods of subtle KCL doses to intense concentration of ELF waves…it’s just a matter of time before the real perps come to light.
thats true, but what about all those people who invested all they monies in hid business and now that they are retired they have to go and look work to survive, u should be praying for those people, not that crook.
Who say he was a crook? Nobody lost money as far as I know Same ole same ole. Anyone who try to help the poor goes down. That’s the way the system works and the same people you dying to help are the ones to help pull you down and laugh at you when the big boys grab you. They feel good to see another man fall. That is why the poor will always remain poor. Their mentality is geared to generate poverty around dem. Sort of like teef hate to see teef carry bag. I suffering you suffer too. Look at the woman who told Obama she tired of defending him. Obama was in the heat of the battle pulling the rope trying to make things better for her, and in the heat of it, she tell him in front of his adversaries that she tired a defending him. Well, he let go of the rope and all falling down. Soon she will tired of falling down. When we poor people learn to recognize who our friends are we will know who to bless and who to curse. Or perhaps we should just bless them all.
My understanding reading these comments, it’s seemed to me Antiques’ LOVE Allen Stanford for stealing investor money to develop their country. They has no ideas what was happening, this is an idea, while the new investor giving him money to invest, he will keep the old investor in the dark by giving them the new investor money, making them to believed everything was going fantastically great, for them to keep investing, in his company…
There was conspiracy I believe. BIG TIME!
He wanted to do to much for the Caribbean. That made them uncomfortable.
I remembered b4 he was locked up he was planning on investing in Dominica. He did a goof job with Caribbean star and sun.. They had liat crying!! Lol good prices n all too bad list bought it. If/when he’s out hope he brings back another star or sun like company to give liat a kick. We need options in the Caribbean.
Good*.
I pray for you mr stanford. god is with you for all the good that you do for people
de man was a damn sckamp… he stole pple money and and only help de caribbean to cover up his nonsense
you repeat wat u hear. he was only trying to help and he did lots of good. it was a conspiracy cuz he was giving too many organizations competition and especially he was doing it in dat poor caribbean- it was too much for them so they make up a conspiracy. i like sanford 20 20 and wish it would come back.
the an never stoled anybodys money… the willingly gave him money so he could double what every they gave him…its just like the stock exchange market…you buy stocks and sell to make a profit..sometimes it dosn’t work out that way..are all the stock brokers who loose ppls entire life savings be put in jail??? had the man been allowed to do his thing the ppl would have gotten back their monies with interest like he promised them…its funny to hear how some dominicans are so expert on determining who stealing but it happening in government in broad daylight and the same ppl that calling sanford theif defending those that stealing in government..
you dame right