Disgraced Texas financier R. Allen Stanford is being stripped of his knighthood in the Caribbean nation of Antigua and Barbuda, the head of the government panel that approves the awards said Monday. The National Honors Committee voted unanimously to revoke Stanford's title for embarrassing the nation by running an alleged Ponzi scheme out of his Antigua-based offshore bank, Chairwoman Jacqui Quinn-Leandro said. Stanford, once a benefactor of the Antiguan government, is in jail in Texas... Read Full Story
MIAMI (Reuters) - The tiny Caribbean state of Antigua and Barbuda, still reeling from the fraud scandal surrounding Texas billionaire Allen Stanford, on Thursday found a new foreign benefactor in Venezuelan President Hugo Chavez. Prime Minister Baldwin Spencer told the nation in a broadcast that the leftist Venezuelan leader was providing $50 million in urgent financial assistance to the twin-island state, which was at the heart of Stanford's far-reaching business empire that collapsed in... Read Full Story
First, riot police raided the slum with batons and pepper spray. Then authorities shut off the water and electricity. With an eviction order pending in the courts, police stand sentry outside the shacks belonging mostly to Dominican migrants. The Puerto Rican government says it's trying to clear a dangerous flood zone in Villas del Sol, a shantytown just west of the capital of San Juan. But residents say the show of force targets foreign laborers as Puerto Rico's unemployment rate tops 16... Read Full Story
Disgraced Texas financier R. Allen Stanford is being stripped of his knighthood in the Caribbean nation of Antigua and Barbuda, the head of the government panel that approves the awards said Monday. The National Honors Committee voted unanimously to revoke Stanford’s title for embarrassing the nation by running an alleged Ponzi scheme out of his Antigua-based offshore bank, Chairwoman Jacqui Quinn-Leandro said.
Stanford, once a benefactor of the Antiguan government, is in jail in Texas... Read Full Story
The highest peak on the Caribbean island of Antigua has a new name: Mount Obama. Antiguan Prime Minister Baldwin Spencer presided over a ceremony re-christening the peak on the American president's birthday. The mountain rises some 1,300 feet (395 meters) above the sea and had been known as Boggy Peak. Spencer said Tuesday that first black American president is a source of pride for the whole Caribbean. There were a few grumbles of criticism over the change, with the head of the opposition... Read Full Story
Are the islands of Antigua-Barbuda in bed with Venezuelan nutjob Hugo Chavez? Well, it seems like the opposition Antigua Labour Party said it is distressed at what it called the government’s hoodwinking of the disabled community in Antigua and Barbuda and accepting funds from Venezuela. The ALP said that the Baldwin Spencer regime is basing a program to help disabled residents on a hand-out from the Chavez government. The ALP also drew attention to a statement from Prime Minister Baldwin... Read Full Story
ST. JOHN'S (Reuters) - Antigua and Barbuda's
government will move to take control of an island that it
discovered was owned by Texas billionaire Allen Stanford,
accused of an $8 billion securities fraud, a government
official said on Monday. Guiana Island, which Stanford controlled through a British
Virgin Islands company whose shares he acquired, constitutes an
additional 1,500 acres held by the U.S. financier in the tiny
Caribbean state at the heart of his business empire. Antigua and... Read Full Story
ST. JOHN'S, Antigua (Reuters) - Antigua and
Barbuda's Senate was expected to approve on Friday a government
move to seize land owned by Texas billionaire Allen Stanford,
accused in an $8 billion securities fraud. The government of the Caribbean nation is rushing to take
over more than 250 acres of Stanford property before a U.S.
court-appointed receiver seizes it. "We have to give ourselves a bargaining chip, so when the
receivers come they have to deal with the government of Antigua
and... Read Full Story
ST. JOHN'S, Antigua (Reuters) - Antigua and
Barbuda's Senate on Friday approved a government takeover of
land owned by Texas billionaire Allen Stanford, accused in an
$8 billion securities fraud. The approval followed passage by the Caribbean nation's
House of Representatives on Thursday of a government motion to
take control of more than 250 acres of Stanford property before
a U.S. court-appointed receiver seizes it. The motion, which states the land is "required for a public
purpose," now... Read Full Story
NewsOne reports that Antigua(which is an island in the West Indies) is planning to develop an Barack Obama Monument similar to the heads on Mt. Rushmore. Prime Minister Baldwin Spencer says his government wants to create Mount Obama Monument and National Park with a new network of hiking trails. He also plans a museum with entertainment and educational facilities. Spencer says Mount Obama will be a “beacon of hope for all people.” He outlined his plan to reporters Monday. He did not say how... Read Full Story
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