SEC Report Shows Lack of Cooperation by Antigua Hindered Investigations of Stanford

On July 28, 2009, the Securities and Exchange Commission publicized an Office of the Inspector General’s (OIG) report that found its investigation of fraud and related irregularities of R. Allen Stanford and his companies (collectively, hereinafter, referred to as “Stanford”) as early as June 2005 was hindered by lack of cooperation from Antigua and Barbuda authorities and by deferral to other U.S. agencies, including the Department of Justice and Federal Bureau of Investigation...(more)