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Bank loses bid to end Stanford investments lawsuit

LegalTORONTO, Canada (Bloomberg) -- Toronto-Dominion Bank, Canada’s second-biggest bank by assets, must face a lawsuit accusing it of negligence for accepting deposits for the Antigua-based bank run by alleged Ponzi scheme operator Allen Stanford. Toronto-Dominion maintained 12 accounts for Stanford International.

Letter: Father of the Nation, VC Bird Sr - villian or hero?

LettersI get a sense from the many cultural discussions around VC Bird Sr, that there is a tangle of verbal tensions, heroic moral explanations, claims of neutrality, ideals of objectivity, and diverse images and stories used to define Papa—all this is taking place as we celebrate his centennial birthday.

Stanford receiver says CD investors returning funds

LegalHOUSTON, USA (Reuters) -- The receiver in accused swindler Allen Stanford's fraud case said Friday he recovered nearly $2 million from certain investors who bought certificates of deposit from Stanford's offshore bank. Ralph Janvey, the court-appointed receiver, sued about 200 Stanford customers.

Stanford Receiver SEC ask judge to put investor suits on hold

LegalHOUSTON, USA (Bloomberg) -- Allen Stanford’s receiver and US regulators asked a federal judge to temporarily stop all lawsuits by investors against their former financial advisers at Stanford Group Co. and other Stanford-related entities. More than 50 cases have been filed relating to Stanford CDs or the receivership. 

Bank wins delay in release of Stanford records

NewsTORONTO, Canada (Bloomberg) -- Toronto-Dominion Bank has won more time to negotiate access to transaction records with investors who claim to have lost $61 million that was to be deposited in Allen Stanford’s Stanford International Bank Ltd. Stanford faces 21 criminal charges for allegedly swindling investors.

Nevis Premier bases upcoming election on performance

NewsCHARLESTOWN, Nevis -- Joseph Parry, Premier of Nevis and leader of the Nevis Reformation Party said his party is ready for the upcoming election and they are running on their performance record. He made the statement recently to Caribbean Media Corporation news anchor, Kaymar Jordan via telephone from his office.

Stanford clients to get back gold coins, bullion, judge rules

NewsHOUSTON, USA (Bloomberg) -- Allen Stanford’s gold customers will regain possession of $21.2 million in coins and bullion seized 11 months ago from the company’s Houston headquarters when federal regulators raided the offices on suspicions the financier was running a $7 billion Ponzi scheme.

Allen Stanford appeals bail decision again

LegalHOUSTON, USA (Reuters) -- Allen Stanford's lawyers asked an appeals court for the second time to review a judge's decision denying the accused swindler bail. Last month, a US District Judge issued an order denying pleas from Stanford's lawyers and family that he be released from jail due to his health.

Commentary: Youth at-risk: adults to blame

CommentaryWhat is happening to our beloved Antigua and Barbuda? Elie Wiesel puts it best when he penned these words: “I have learned that whenever a community is threatened, all are affected. Whenever a single human being is humiliated, the human image is cheapened. Whenever a person suffers for whatever the reason... read more...

Feds investigating Stanford ties to lawmakers

NewsMIAMI, USA (Reuters) -- US federal authorities are investigating millions of dollars contributed by fraud suspect Allen Stanford and his staff to US lawmakers in the past decade, the Miami Herald reported on Sunday. The investigation aimed to determine whether the banker received special favors from politicians.

Judge denies Stanford's plea for pretrial release

NewsHOUSTON, USA (Reuters) - A federal judge has denied alleged swindler Allen Stanford's latest bid to be released from prison pending his January 2011 trial. Without comment, US District Judge David Hittner on Wednesday issued an order denying the pleas from Stanford's lawyers and family.
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