Bank of Antigua controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Stanford investors' lawsuit over regulation and restructuring
The Official Stanford Investors Committee alleged that Antigua and Barbuda and regional authorities had failed to scrutinize Stanford adequately and that the bank's restructuring improperly diverted value from Stanford victims and creditors. The defendants rejected the allegations.
2009
Bank involvement in the Stanford financial fraud
Bank of Antigua was owned by Stanford Financial Group and became central to the consequences of the alleged Ponzi scheme operated through Allen Stanford's financial empire. The exposure of the scheme caused a run on the bank and led to intervention by the Eastern Caribbean Central Bank.