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**Hank Reardon** » 2011-05-04 06:03

Moral advise from a xhxxf.

**pellucid** » 2011-04-19 07:44

You do realize that it is the Antiguan Government who won't take the $21 million US for it's refusal to allow Antiguan horse and lottery internet gambling? (That's what Antigua "won", less than 1% of the $2.7 billion suit)

I say take the money, there's no more negotiation or appeal available.

**good job bob** » 2011-04-19 07:37

"It seems that we Antiguans keep judging the Stanford issue by American standard. I have not seen one law suit against Stanford by the Antiguan Authorities."

Exactly. Judged by the standard "Each embezzlin', All a teevin'", Sir Alan is an Antiguan National Hero!

**wadadlichild** » 2011-04-18 03:35

Hey smart one answer this... Your child comes home and say mom/dad my friend gave me this pound of seeds to save so one day when he needs it I can give it to him so he can plant and provide for his family but you the parents takes the seeds plant them produce a healthy crop feed your family then feed the neighbors starving kids plus you donate some to the local soup kitchen. Would you consider the seeds that you just planted without authorization Ill-gotten?

**Smart One** » 2011-04-17 23:11

Yet it’s those that do not feel it that have to worst to say. If they were that businessmen, or that Statutory Corporation or that charitable institute that was depending on this they would sing a different song. I have not much sympathy for those that loss their money as it was greed in the first place that brought them to put their eggs in the Stanford Basket. But I would say blame the SEC for bringing down the empire before its time. And one need to take the blinkers from their eyes and know that this story is more than what meets the eyes. For any legal person I have spoken to so far has not seen a case like this, where a man is being convicted before he even has his trial. And all his rights are being trampled. But big brother USA is always right. And might is right. That is why we will never get our justice as handed down by the WTO. And what make thing worst our so called own people take the side of the USA.

**Smart One** » 2011-04-17 23:10

As far I’m concern, one man’s terrorist is always another man’s HERO. Had the Guiana Island project come to fruition we would not have had this talk today. I read in one of the comments whether Antigua is better off without Stanford. Well I can only say ask the various businessmen who used to benefit from his business, ask the Statutory Agencies that do not receive the hundreds of thousands of dollars in contributions. Ask the Comptroller of Customs that doesn’t receive the monthly checks of hundreds of thousands of dollars in duties and taxes, ask the APUA that doesn’t receive the hundreds of thousands of dollars in utilities, Ask Lime that doesn’t receive the tens of thousands of dollars for monthly services. One had no clue what the Stanford effect was on the local economy until it was all gone. And to date it has not being replaced by another investor of that caliber.

**Smart One** » 2011-04-17 23:09

He raised the standard for many and paid for excellence, which was demonstrated in the performance of the 20/20 team against England. Now the moral issue is this. What is a crime in the USA is not necessary a crime in Antigua. We have seen that with the internet gaming. The US has not the moral authority to set standard for us. Because they are known to do the most immoral things in this world. Look at the way they go around our banana export in the Caribbean against their interest in Central America. I guess none of you remember how long it took South Africa to get rid of Apartheid because it was supported by the US and England. And may I draw your attention to the movie Blood Diamonds. So those of you who always speak as if you are Americans, just for once be a real Antiguan and a Black one too.

**Smart One** » 2011-04-17 23:09

It seems that we Antiguans keep judging the Stanford issue by American standard. I have not seen one law suit against Stanford by the Antiguan Authorities. As far I can remember he’d spends most of his so called ill-gotten monies here and provided many households with a decent income. Even the Government was in many cases directly the beneficiary of lots of his gifs. Charitable contributions were many. To name a few: the Clare Hall basketball court, the Antigua Development Bank Small Business loan, The Library Project, the Fines Institute, Hero House, The Catholic Pre School. These are some of the reasons why we gave him his knighthood in the first place. Some cricketers became millionaires overnight. He distributed wealth. Many of us so called pikie heads would not have earned such a high salary and afford such high quality of life.

**wadadlichild** » 2011-04-16 21:07

@ ken when I said Ill gotten I meant the money Stanford was laundering for the Mexican Drug Cartels. He was also using peoples hard earned money to live a lavish life style. He definitely mis-appropriate d investors money. You asked is Antiuga better off without Stanford? That is an easy hell yes. In the long run absolutely. If Antigua elect better competent leaders who think about Antigua and not themselves or their own pockets she could be a force to reckoned in the Caribbean. Hire people who can do the work and not your friends or siblings. I’m not a fan of the I.M.F it’s a slave institution. But your govt needs to come up with more creative ways to raise capital. Tax Tax Tax is not the answer.
@pete I’m with ya. Sounds like you saw the ESPN documentary the two Escobars. Antiguans need to read more and gossip less..

**business** » 2011-04-16 18:36

Surely it is better to have these businesses trading than closed. There is no problem leasing the premises, providing the lease agreements are lawful, the properties are maintained to preserve their value, the profits gained from the leasing agreements, AND the value of the properties themselves ultimately benefit the receivership estate, to be distributed according to the lawful 'pecking order' of the Stanford creditors. The Antiguan receivers have now had more than two years to deal with Stanford Development Co and have failed to make any discernable headway. I hear they have billed $19m. Just exactly what for?

**businessman** » 2011-04-16 09:55

It is the public perception of the rest of the world including judgement of our Island of Antigua that is at stake! For Stanford assets, buildings and businesses to be used at this time is totally wrong. All should be locked down until the legal issues have been completed. We wonder why Stanford Investors who lost money do not trust us, yet here again we deal in double standards!

**pellucid** » 2011-04-16 06:50

Obviously, if the story ended with Leroy King, there would have been a small mention of his untimely demise two years ago, about a week after "Duck Tails" was published and the run on SIB occurred.

It's clear that the South and Central American investors' belief is the information he holds is probably more valuable than the visceral satisfaction of taking him out. It will be interesting to see what King says once in US custody.

**good job bob** » 2011-04-16 01:14

Interesting point. You have to wonder what provisions Antigua's army has stocked to take on the sort of investors whom Stanford attracted (and I'm not talking about the gullible ones in Texas, Florida and Tennessee!)

If the suits filed in the US don't succeed in getting their investment out of Antigua, they may (to quote the Bird people's view regarding the Vesco affair back in the '80's) "get the smart boys in, take a knife and open up and put the liver on the plate." (Coram: Caribbean Time Bomb p.189)

**Reality** » 2011-04-16 01:02

I interpreted that to mean that we may see some south american style justice in Antigua if these south american millionaires are not satisfied with the justice dispensed from the US court.

You seem to be one of the first Antiguans to understand the gravity of the situation. US citizens lost a little money, and their litigious nature has sent them running to the courts. (US) Americans are too used to others fighting their battles for them.

South Americans lost MUCH MORE, and their nature is not litigious. Antiguans seem to have interpreted the silence from the south as apathy. What I'm picking up from the Spanish language press is rapidly dwindling patience.

**good job bob** » 2011-04-16 00:52

Of course a lot of these questions may be answered by the still suppressed FSRC report. Many blame the US for ignoring this pile of "Knight Soil", but they do it with evidence collected, detailed and PUBLICLY REPORTED, both in print and in televised hearings.

The US government now stands accused of ignoring a ponzi scheme created by an Antiguan Bank, owned by an Antiguan Knight, Audited by Charlesworth Hewlett (RIP) regulated by Antigua's FSRC because they actually investigated and reported every little omission and misjudgement.

What of Antigua?

**good job bob** » 2011-04-15 23:22

The real questions are who else knew about Leroy King's interaction with the SEC when they came asking about Stanford? Either way, it looks bad: Either higher government officials knew and approved (presumably for a price) or, a sovereign nation allowed one rouge individual to fully and completely regulate an enterprise with assets seven times the GDP of that entire nation, and in essence conduct his own foreign policy with the US (and by extension of the investors, Venezuela, Columbia, Mexico and several dozen other countries.)

There is an old expression about "the tail wagging the dog", but those who maintain that King acted alone seem to believe in a flea, wagging the tail, wagging the dog! Me, I don't believe it for a second.

**tenman** » 2011-04-15 22:00

Cool Ruler your logic ignored the fact that Cort used to be ALP and I have been told that he and King were/are good friends. Try and recall that King was over the board at Social Security and chairman at call centers Antigua ltd. Do you recall how Vociferous Cort was in early 2004 in selling the call center idea? Ruler King was one of Cort's people. Someone told me the government in the earlies had planned to remove King but Cort stopped it.

..

**Cool Ruler** » 2011-04-15 20:07

Professor I tought she was Over internet gaming but you are so correct I use to work with her and persons would wonder how she got the job, that is or was a clearing case of nepotisim when Cort gave her that job, maybe it was in an effort to have your own people in key positions but king was allowed to stay so it could not be. That appointment by him of her to that position one that makes some people feel like UPP ALP same thing

**Professor** » 2011-04-15 19:37

Is that the same doctor fish that put his wife's sister into a position at the FSRC that her qualifications did not merit?

According to her colleagues at the bank where she worked, the girl was struggling to keep up with her entry level position. It was inconceivable to them that she could manage a management level position at a specialized entity like the FSRC.

It is alleged that workers at the FSRC who were more qualified for the position were forced to spoonfeed her, and up to this day they are still doing her work.

**tenman** » 2011-04-15 17:55

professor you ask a strange question and I suspect you know the answer. Anyway just in case you really don't know or temporarily forgot, the answer is the great doctor Cort.

..

**Professor** » 2011-04-15 17:25

Leroy was head of the FSRC under ALP (political appointee) and considering the amount of similarly placed comardes that the UPP sent packing, I always wondered why Leroy King was allowed to continue in his position. A miami based lawyer represinting some of the defrauded south americans stated publicly that his clients are just waiting to see if they get justice from the US court before they do anything.

I interpreted that to mean that we may see some south american style justice in Antigua if these south american millionaires are not satisfied with the justice dispensed from the US court.

**Dig It** » 2011-04-15 17:22

Cool Ruler, thanks for clarifying his King's lawyer name, which is Hamilton and not Marshall!

**Dig It** » 2011-04-15 16:49

Good job bob, I do not take anything for face value, and I think there is more to know about King than we already know but I just can't take it to another level because of the tongue-lashing I may get! I just wish that he could be extradited tomorrow and let the chips fall where they may be! I would like to hand him over personally myself but I am sure he will cry like a baby he is! I am just tired of seeing him walking around town as if he is the Last King! Yet, I am sure my intuition is correct with King and his oversighting of the FSRC! Good job, Madoff said they were big banks and others who knew what was going on but turned a blind when they see all the cookies they can eat! Of course, nothing like this looks good in the eyes of the international community and I hope the good name of Antigua will be restored when all is said and done!

**pete** » 2011-04-15 16:34

@wadadlichild I could not agree withyou more Ihave tried to explain that to some of my mates and they just could not getting so dont feel to bad about it to much. Escobar was a big drugs man in Columbia and he spent his money just as Stanford did, he built houses for people in his neighborhood he singlehandedly rivived Columbian soccer but when he died the whole system falls apart.

**Cool Ruler** » 2011-04-15 16:17

First of all the man's lawyer is Hamilton. Second thing the magistrate has already ruled that he should go face the music , he has appealed to a higher court which is his right under Antigua's law weather we like it or not. He still can appeal to the appeal court as well as the privy council so it may be years before he is made to tell us about the blood oath in a court of law. We all want to see scums like king face the music but the law must be followed and persons rights protected

**good job bob** » 2011-04-15 16:11

And I TOTALLY agree with both your **sment and prediction of what will happen if Leroy King lives long enough to be extradited. What we do know (based on the evidence presented at indictment and the Davis affidavit) essentially ENDS with Leroy King, since as the face and voice of the Antiguan government in international finance matters (e.g., it is King who had all first-hand dealings with the SEC before it became a criminal matter), he is the only Antiguan mentioned. However, no one is naive enough to believe he was the only "man behind the curtain".

**good job bob** » 2011-04-15 16:03

But you have to admit, when hearings are scheduled, and well publicized enough that the international press is in attendance, yet the the magistrate doesn't show up because he was on Barbuda, the international community is understandably skeptical of Antigua's goals and motives in this regard. At the current rate 3 to 5 years seems an optimistic estimate. While the extradition request is from the US, there are far more Venezuelan, Colombian and Mexican citizens interested in hearing Mr. King's side of this story.

**Dig It** » 2011-04-15 14:35

Good job bob, trust me, I want to see King face the music as much as you or anyone! However, the extradition is the courts (slow process of course) and, yes, according, to his lawyer, Marshall, it may take that long! We will have to wait and let the courts deal with the matter. Once King is extradited, we will know the "real" truth! Or, do we know already? Hopefully, he is not tight-lipped about what he has to say! I am sure the Senator with the Golden Chick-Feed and others will not feel too good about his extradition! Once King is on American soil, the rest is HIS STORY!

**good job bob** » 2011-04-15 13:18

You're right, I meant "extradition".

As far as "immunity", if you're speaking of official, acknowledged immunity, you're right. But you yourself just stated that the process will take an ADDITIONAL 3-5 years (on top of the already elapsed 2 years), so this is clearly a case where "justice delayed is justice denied". Mr. King will be partying it up with Charlesworth Hewlett before he gets to "sing" for the international community.

**JP Farnsworth** » 2011-04-15 13:11

I really don't care about Stanford, I'm more concerned with what the Governor General will wear to the Royal Wedding. After all she is representing Antigua. Who is paying for her air fare and hotel? Stanford is old news.

**tenman** » 2011-04-15 12:39

Cool Ruler its funny that you seem to dislike caribarena's role in what you call yapping yet you are quick to point out how great observer is at proving persons with a voice. Is your problem with caribarena that many of the "yappers" do not share your point of view? Don't you see that your post implies that persons who don't think like you should be quiet?

..

**Cool Ruler** » 2011-04-15 11:58

Caribarena has certainly done a good job in facilating one of Antiguas favorite pastime, yapping! What is the big issue,
? So the AG said its a legal and moral issue, is he wrong for saying so? The question to be ask is this, if Standards operations should be in liquidation how is it that snippets, of his operations allowed to operate? And on woes orders.

**tenman** » 2011-04-15 11:52

professor @Antiguan Observer has provided clarification which you need to heed. What the poster stated is my understating of things as they now stand.

..

**Dig It** » 2011-04-15 11:40

Good job bob,

Leroy King is duel-citizen of Antigua and the U.S., so I believe you meant extradition and not deportation. And the issue of King extradition in the High Court, and could take three to five years (depends if he appeals) before the U.S. could get him! According to lawyer, there is "No truth to King immunity!" Let me advise you, do not even mention immunity for your sake because you could not hear the last of it from my fellow bloggers! Before I get myself in any trouble with them, I am out of here!

**Antiguan Observer** » 2011-04-15 11:15

The Government moved to aquired Stanford assets back in 2009 but were blocked in court by Stanford's Lawyers (i.e. Hugh Marshall). In 2010 the government announced that they withdrew their move to acquire all except the former parking lot at the airport. The companies are run by Stanford's fiance and others who are the Directors and are represented by Mr. Hugh Marshall.

**John French Jnr.** » 2011-04-15 11:13

Notes from a Son of the Rock. Dr. Winston Watson has asked the AG and by inference the Cabinet to exercise Strategic Intelligence on this and all matters. May I suggest that many commentors do likewise.
Facts are forever and available. Analysis and processing require good cognitive skills. Caribbean Education is deficient in this. It is too entrenched in "Rote Learning". Skyewill, The horse has already bolted. Revisit the Good Doctor of Education's response to the failure rate. These issues are before the courts in the appropriate jurisdictions and no amount of irrationality will aid or change the logical outcomes. All should learn from Ms. Streete. Even the good teacher and healer advised "Don't cast Pearls before Swine". Where Ignorance is Bliss it is Folly to be Wise.

**Dig It** » 2011-04-15 10:57

Morris, so much questions, and, of course, no answers!I concur with your post! Isn't sad that we have so much Indians amongst us but no Chiefs? While the people pay the prize for their "inaction," they are claiming
"All is well!". My uncle always say "If two or more people coming after you, take out the weakest ones first then work your way up!" Clearly, our repution has been smeared in the eyeys of the international community with this Standford debacle, and our Chief Servant sits and idle on the matter, allowing his lieutenants to do more damage than good!

**Professor** » 2011-04-15 10:57

The assets in question were seized by the government of Antigua & barbuda, which then perpetrated a Pontious Pilot move (washed their hands) by permitting an attorney (Hugh Marshall) to represent the seized assets.

The assets in question are neither in Stanford's hands nor in the hands of the lawful receivers, they are represented by an Antiguan lawyer (Marshall), that makes Lovell incorrect on that point. Lovell's statement that the government has no control over anything to do with Stanford except to do with the Bank of Antigua is also incorrect in the context of the totality of the circumstances.

TenMan, you tell me then, if the lawyer (Marshall) really is in charge and calling the shots, why is he calling on the government and the Attorney General for help? The government is knee-deep in this unlawful conversion and misappropriatio n of Stanford's assets, regardless of all the manouvres they did to try and cover their hides.

**Reality** » 2011-04-15 10:38

"None of Stanford's other ****ets (outside of what was publicly announced from the onset) are in any way on the receivership for liquidation," he said. "So I don't understand what is the issue."

I think that's just great. I'm going to stake out a nice lot on Guiana Island and start building my new house this afternoon! :lol:

**1 ken** » 2011-04-15 10:38

Wadadlichild you mention that Stanford's money was ill gotten, can you proof this or is this just hear say?
I am of the view that, was he able to do his investments and not given the red light, green light from the UPP Government, he would have had something tangible, to show his investors. Can you tell me, is Antigua better off now that Stanford is gone? And if you notice we have now replaced him with the IMF, how do you feel about this?

**good job bob** » 2011-04-15 10:31

Morality?

Where is the morality in suppressing the FSRC report, or delaying (going on TWO YEARS) the deportation of Leroy King?? The US has already had a written report AND televised hearings, and their SEC was only responsible for the brokers that sold the phony CDs. They were manufactured in an Antiguan chartered and regulated bank by an Antiguan Knight who was "blood brothers" with the Antiguan "regulator", yet this "moral issue" is not deserving of any open inquiry?

The only "moral" principle applied here is: Each Embezzlin', all 'a Thevin'

**tenman** » 2011-04-15 10:27

Professor how do you make that leap in your observation labelled 1? How do you reconcile your statement with "Finance Minister Harold Lovell said there is nothing the government can do, as Stanford’s assets are either in the hands of Stanford himself, or the receivers.

“The government has no control over anything to do with Stanford except to do with the Bank of Antigua,” the minister said, referencing the bank's transformation into the Eastern Caribbean Amalgamated Bank (ECAB).

Meanwhile, Hugh Marshall, attorney representing the Stanford assets, questioned the AG suggestion of a moral dilemma.

"None of Stanford's other assets (outside of what was publicly announced from the onset) are in any way on the receivership for liquidation," he said. "So I don't understand what is the issue."

..

**business** » 2011-04-15 10:13

Why is Stanford Development Company not in receivership, and just who is really controlling it? Every other worldwide Stanford asset is being sold for the benefit of Stanford's creditors and investors, but not those in Antigua. The Antiguan receiver claims there is no proof the Antiguan assets were built with tainted funds. So where did the money come from then?

**Professor** » 2011-04-15 10:00

Let's break it down.
(1) The government is making money from the operation of the seized assets of R A Stanford. Is this lawful? Where does the money go?

(2) The AG, who is the cheif legal advisor to the government will not comment on whether the revenues from Stanford's assets should go to the people that Stanford defrauded to build them, except to say it is also a moral issue. Even if the AG is unqualified to deal with the moral issue, he should be able to address the legal question that was posed. Why are these assets not in receivership?

(3) Hugh Marshall & Co. has been making a small fortune in these unfortunate circumstances, so naturally, Hugh's good morals does not permit him to understand why he cannot continue to feed at the expense of the defrauded clients.

**Really** » 2011-04-15 09:37

The Ag,Min Finance, Pm, Mp's all rushed to grab assets of Stanford just days before an election in Antigua, not even sure if it was even legal. and he says Moral issues. What has this gov done with all the assets that they acquired. British American still remains open, with persons earning monthly salaries ( investors Money), yet the investors have no access to there funds. How come no-one in Antigua is in Jail over that HUGH PONZI SCHEME, Oh yeh, maybe cause the attorney representing BA then, had conflicting interests. Did he get his money out before the crash????
Close BA and lock THEM UP, ALL of THEM, EVERY LAST THIEVING ONE. now theirs a moral issue.

**SKYEWILL** » 2011-04-15 09:20

Our leaders and us are all products of our culture and environment. Understand why we act this way, and sometimes looked the other way, allowing us to feel we have won a point or maybe had a point. This lack of critical thinking skill can only be taught either by parents and the people around us through observational learning or in a classroom or an environment through conditioning. It is not taught in schools and as for getting it from parents and society very few see day light but some do. The challenge is to get folks that see nothing wrong with the status quote to change what they perceive as a good thing for them? If a man can perceive a moral issue and believes in truth, excellence and integrity he will remove himself from the company of those who are in opposition to these values. I discovered that even the way people speak, the dialects, the vocabulary, even how they count, can direct how they process mentally. South American tribes are know to have limited vocabulary and numbering systems, i.e. if the numbering system goes from 1 – 4 then even if they had 100 it still could not add up to more than 4. Illogical to us, very logical to them.

**SKYEWILL** » 2011-04-15 09:19

Dr Watson I presume. Critical thinking I understand. As a student of Psychology can you please explain Strategic Intelligence? I know you hit it on the **on with Critical Thinking. I hope you realize that it is not taught in schools and is the root cause of the conditioning that plagues the Islands. Maslow, Rogers, Skinner, Frankel, Bandura, and Freud’s theories about the Cognitive Approach, Operant Conditioning, and Observational Learning all in play here.

**Dr. Winston Watson** » 2011-04-15 07:53

So many of our political leaders like to talk without the luxury of critical thinking. I would have liked the AG not just to say that that this matter is both a moral and a legal challenge. It would have been more prudent for him to articulate a moral and legal solution to the problem.

AG needs strategic intelligence to guide him and more practical statements to bolster his legacy of being an out-dated professional.

**John French Jnr.** » 2011-04-15 06:42

Notes from A Son of the Rock. The PM should call these two Ministers, AG and Finance, into his office and read the "RIOT ACT" to them. Who speaks for the Cabinet and Government. That these are two "Learned Men" who spout such uncoordinated nonsence is mind boggling on such an important issue to the Nation. Ms. Streete is to be commended for her non comment. The AG and The Hon. Minister of Finance should have simply declined to comment and/or at least hide behind the fig leaf that the matter was being handled in the US Judicial system. "Where Ignorance is Bliss it is Folly to be Wise."

**Morris** » 2011-04-15 06:15

On the other hand, Finance Minister Harold Lovell said there is nothing the government can do, as Stanford’s assets are either in the hands of Stanford himself, or the receivers.

FYI Mr. Lovell, there is much that the government could have and should have done. First of all, they should have sought the legal advice of the AG to ensure that they are doing things legally and morally. Again here we are receiving some cock-a-mame story from our leaders. So whose hands were/are the other assets (Sticky Wickets, Antigua Athletics Club, etc) in, and who authorized their lease and operations? Whose hands are the revenues from these establishments going into? Also, if the AG thought/thinks that the issue has both moral and legal implications, what has he done or plans to do about it? What type of advice, if any, did he give to the leadership to prevent them from venturing too far into dangerous territory? It seems that our leaders delight in addressing issues after the damage is done. The sad thing is that their inaction only cause the citizens and the nations' reputation to suffer.

**wadadlichild** » 2011-04-15 06:06

Unfortunately the only thing Antiguans respect is MONEY.....I had numerous arguments with folks about Stanford. they all swore he was some kind of robin hood...the standard response was he did this, he did that for Antigua and my response would be yes but with ill gotten money. Sad thing most couldn't grasp that concept........

**Anthony Simon** » 2011-04-15 05:44

Sound,s like Justin want these place,s closed and thrown into the dust-bin of history.. :cry:

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