Disgraced Texas financier Allen Stanford will know his fate tomorrow, June 14, when US District Judge David Hittner, who presided over Stanford’s six-week trial earlier this year, is scheduled to sentence the former Caribbean playboy.
Once considered a billionaire but subsequently declared indigent, Stanford was convicted on March 6 by a federal jury in Houston on fraud, conspiracy and obstruction charges.
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Since the fall of Allen Stanford, Antigua and Barbados economy falling like dead flies! Tourism is like sh+++. This is what the US S & P (Standard and Poor) said Downgrade credit rating of Barbados-based Caribbean Development Bank
May 24, 2012
The U.S based rating agency, Moody Investors Services has downgraded the credit rating of the Barbados-based Caribbean Development Bank [CDB] by one notch from AAA to AA1.
CDB president Dr Warren Smith told the bank’s annual board of governors meeting yesterday that the downgrade followed a routine examination of the region’s premier development bank.
He says the Bank is disappointed with the downgrade but it was accepted “in today’s heightened environment of uncertainty”.
Dr Smith added that the CDB’s “risk management practices need to be strengthened” and the Bank is therefore carrying out an in depth examination of its risk management framework.
Grenada has already expressed concerns that the downgrade could lead to higher borrowing costs for Caribbean countries and St Lucia’s Prime Minister Dr Kenny Anthony urged the Bank to move quickly to get the downgrade reversed.
Stanford got 110 years for $7b fraud. Boy if you stealing poeple money, doh ever do dat in America. Papa bondiay!!! Dat is a long time. De man will be too old to walk by the time he finish his time in prison. He will be like 175 years old. Well these Americans doh ever want to see him tief people money again.
Who’s next?
@ Tiger
Some of you make me laugh.
Do you know anyone in this age who live to at least 150 years? The Court is fully aware of that. He will be dead by then. I do not think he will live to be 100. If he does, he will be a lucky man. God is giving him the time to repent. I hope he makes good use of this time in God and with God.
some people blasted edo for not going to that man for assistance….
no comment
Let us take a lesson from this man’s experience.
The U.S. authorities have been busy in the past years bringing those people to Court. Through the years many men who appeared to be rich and famous have been brought down by their avarice and tricky. Little did their investors know that they were deceivers as they took advantage of them. Know that family members could do likewise. They are human.
Madoc is doing time in the U.S. prison for 150 years. He will die there. If you hear about this man and his lifestyle. He was filthy rich as the saying goes and a weird character. I heard all his furniture was in black and he dressed in black. I wonder who he represented? The devil? There are some who spent time in prison and there are others who are still there. It is only a matter of time. Now it is Stanford’s time. Let us hear how much time he will get.
I always recall one of my dear mother’s wise words: “Never envy what others have. You do not know what they did to get it.”
Mr. Stanford I do not know wwhat went wrong but the entire world is in finacial trouble. You are not the only one who cannot pay back money you invested.
Take courage, I am grateful for the effort you put into caribbean cricket giving us the opportunity to enjoy our beloved sport. When i have aged and in bed with only my memory to keep me company i will remember 20/20 cricket.
@ conscious
What are you stating? Get with it. He did not borrow money from those people. The man stole/swindled billions from them, showing off that he is a rich person/investor and living off their avails.
to all those calling wrong right and right wrong…….TAKE NOTE
the COW DAYS ARE NUMBERED…………
@ I will wait
The fattened cow, living off people’s retirement and other savings. He is now paying the price.
the longest road has its end and the longest rope its end…….all those in Doiminca who are beneffing handsomely from the getting all their milk, butter and cheese and who continue to call wrong right and right wrong………while the majority of Dominicans contimue to suffer….be reminded that these will NOT and CANNOT comtinue forever…..God”s eyes are watching……..he is no police
@ Say No
God is patient. It is only a matter of time what people sow they reap as they deserve and two-fold, one way or the other.
stocky for him
Oh how the mighty has fallen. This guy behaved like he was the crown prince of Antigua and thought with his money he could buy everything and everybody. Such arrogance.
I know some other arrogant people who have fallen just as hard. There is another one I know (this is personal now), that I wish would fall just as hard.
@ Tiger
Go to Luke in Holy Scriptures: “…He shall put down the mighty from their seat and exalteth the humble. He shall fill the hungry with good things and the rich He shall send empty away…”
This is one of the things that happens to them when they reject God.
To those who think that money and power is all. To those who ignore the warning signs about persons they worship and see no wrong in. I say today, PLEASE TAKE NOTE!
Westindes dacalay middlesex .
RABBIT SAY “NEVER HANG YOUR HEART WHERE YOUR HANDS CANNOT REACH”
MIDNIGHT GROOVERS SAY “MWEN TE’KE’ VLE’ SAV OLA ANNITA KA PWAN LAJAN KON SA”
I KNOW ITS PATOIS BUT I CANT TRANSLATE ! PLEASE HELP!
TO SMH- ”I would like to know where annita getting money like that”.
I WOULD LIKE TO KNOW WHERE IS ANITA GETTING ALL THAT MONEY
I AN I ..says in English that the Midnight Grovers song .. We /they would like to know where Anita spending all that money like that..
I SHOULD HAVE ASKED FOR A SPONSOR MAN
For all the people that quick to be jealous of what people have. Take hid cause at the end of the day you never know how they got it.
For all the people that quick to be jealous of what people have. Take hid cause at the end of the day you never know who they got it.
The word is ‘heed’.