Stanford Receiver’s Report Shows Fraud and Disputes with Antigua and Venezuela

The report of the Receiver Ralph S. Janvey filed on April 23, 2009, in the case of the Securities and Exchange Commission (SEC) v. Stanford International Bank, Ltd. (SIBL) indicates confirmation of the fraud allegations made by the SEC and disputes between the U.S. receiver and his counterpart in Antigua and Venezuela. Meanwhile, on May 12, 2009, a grand jury indictment was returned against Laura Pendergest-Holt, chief investment officer of Stanford Financial Group...[more]