Quote:
Originally Posted by brassmonkey
why did visa suspend the service? is their some type of investigation?
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this bank has the money:
St. Kitts Nevis Anguilla National Bank
and are being sued to fucking shit about something.. maybe they need to pay legal bills.. maybe there was a judgement... nobody knows except the owner and the lucky guy with the damn PACER account!
"After authorities shut down Stanford International Bank in Antigua last year for allegedly issuing $7 billion in bogus certificates of deposit, the Eastern Caribbean Central Bank seized a second Stanford-owned bank, the Bank of Antigua, which dealt primarily with local deposits and loans.
The suit claims the seizure was illegal, and that the institution ? which Morgenstern says is still "enormously valuable" ? should have become the property of Stanford's alleged victims.
Instead, the bank's assets were distributed among the ECCB's member banks ? Antigua Commercial Bank,
St. Kitts-Nevis-Anguilla National Bank, Eastern Caribbean Financial Holdings Company, National Commercial Bank (SVG), and National Bank of Dominica ? which are also named in the suit.
Investors previously sued the Antiguan government for $24 billion, after U.S. authorities charged the nation's top banking regulator with accepting hundreds of thousands of dollars in bribes to hide the Stanford scam from the SEC.
Antigua has not formally responded to the lawsuit.
"
http://www.anti-antigua.org/3.html