About 15 years ago I started hearing the name Allen Stanford cropping up all over the island. From what I could garner from the talk was he was a gazillionaire Texan making his mark on the island. He was in banking, real estate and investment. Later he went on to build up massive real estate on islands completely ravamping the airport building two restaurants, his bank of course and a gorgeous cricket field. He became a citizen of the island and was knighted. He had a newspaper and later this year became a cricket promoter causing an uproar in the sporting community. The purse prize for the 20/20 games was beyond belief. Oh by the way, he has property in St. Croix where he spends a lot of time. I am summarizing a rather lengthy 20 year relationship with the island but it came to a head in the last few days. Sir Allen is in deep doo doo. Some say he is a scam artist. Others say he has done nothing wrong. He is being investigated by the US government. Investors in banks related to Stanford have their accounts frozen. Even the once famous Red Sox now Yankee ball player Johnny Damon is feeling the wrath of Stanford. Poor Johnny allegedly could not pay his personal trainer this week. Meanwhile locals in Antigua stood in lines at the bank for up to 8 hours pulling out their money. Simliar bank runs occured in Venezuela and reportedly in Columbia. Where is Sir Allen? Some say in Virginia. Who is he?? He is an enigma and it’s all catching up to him now……whatever it all really is.
Tags: Allen Stanford, Antigua banking nightmare, Johnny Damon, Sir Allen Stanford
February 21, 2009 at 9:05 am |
Well the FBI served Sir Allen with an SEC civil lawsuit in Virginia yesterday..so the rest, we wait and see..
February 22, 2009 at 10:01 am |
man i wrote a long comment three times and each time got a message saying error on my name (i didn’t put my proper email addy). each time i lost everything when i tried to go back. sucky format on the comment section here. does it have to ask for your email?
February 22, 2009 at 10:08 am |
Sorry Eli, I have not had anyone share this feedback. Also poster’s email addresses do not show up so if WordPress asks for it, no one sees it. Thanks for trying.