Antigua Money Minister Was In Stanford's Pocket: SEC

Law360, New York (January 11, 2010, 2:31 PM EST) -- A top Antiguan financial minister gave principals at Stanford International Bank Ltd. the run of his regulatory agency as they sought to keep a Ponzi scheme afloat, according to a newly filed complaint by the U.S. Securities and Exchange Commission.

Friday's amended complaint, filed in the U.S. District Court for the Northern District of Texas, makes changes to dollar values in an earlier complaint, trimming $800 million from the overall size of the alleged $7.2 billion ripoff.

And where the older complaint, lodged Feb. 27, claimed...
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