Stanford Victims Allege 2nd Fraud In Antigua

Law360, New York (February 17, 2010, 5:38 PM EST) -- The Eastern Caribbean Central Bank and the government of Antigua and Barbuda have engineered a second theft by transferring the assets of the Bank of Antigua to five Caribbean banks rather than distributing its assets from the $7.2 billion fraud, victims of the scheme have alleged.

In a class action complaint filed Tuesday in the U.S. District Court for the Northern District of Texas, the investors claim that they are entitled to the proceeds from the ECCB's seizure of the Bank of Antigua following the revelation...
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