Tag Archives: Grant Thornton

Grant Thornton Letter to Senators Vitter, Shelby, Cochran, and Wicker

By Marcus A. Wide Dear Sirs, Re: Senate Resolution 346 Re: Stanford International Bank Limited in Liquidation I am writing in response to your recent introduction of Senate Resolution 346 which takes exception to certain alleged actions by the Government of Antigua and Barbuda (GoAB) related to the fraud perpetrated by Robert Allen Stanford and […]

International Victims Charge America to play Fair

In 2009 on the heels of the Madoff fraud, the Ponzi scheme operated by R. Allen Stanford was uncovered which has received widespread media coverage in the United States. What has not been widely reported is that only 4,000 of the 21,000 victims worldwide are US citizens. The remaining 17,000, the vast majority, are innocent […]

Letter to the Editor, Caribbean360

By Eric Cohen Dear Sir or madam, A story published in the August 18, 2011, edition of Caribbean360, “Investors question Antigua Stanford liquidators” makes several erroneous and unfortunate statements that only mislead and confuse victims of SIB’s failure. I am a creditor of the Stanford International Bank (SIB), being a holder of Certificates of Deposit […]

First Report of the Joint Liquidators Grant Thornton

By Grant Thornton The mandate of the Liquidators is to gather in and maximize the value of the assets of SIB, to monetise and to distribute such assets under a statutory framework. This requires the Liquidators to conduct a creditor/victim claims adjudication and distribution process. I note that pursuant to paragraph 18 of the Order […]

Stanford Victims Refuse to be defrauded by Texas Receiver

Since the SEC shut down Allen Stanford’s investing and banking operations over two years ago, the receivership to help the victims recover their losses has been consuming all the assets, reveals a motion filed today by Kachroo Legal Services, P.C. and its principal, Gaytri Kachroo. Out of a $7 billion Ponzi scheme, the receiver has […]