Hundreds storm Texas billionaire’s Antiguan bank!

Run on Bank of Antigua by over 600 account holders Wednesday morning!

West Palm Beach, FL (JusticeNewsFlash.com)–Breaking News: Reuters just reported a massive run on the Bank of Antigua in St. John’s, Antigua by over 600 account holders Wednesday morning. The banking consumer scare began on Tuesday when the U.S. Securities and Exchange Commission (SEC) www.sec.gov accused Texas billionaire, Allen Stanford, of an $8 billion fraud.

The U.S. Department of Justice secured warrants from a federal judge to enter Stanford Group, Stanford’s Houston, Texas headquarters. About 15 various federal agents including United States Marshals stormed the corporate offices, in Houston, to secure the premises. A federal judge froze Stanford’s assets and ordered a court appointed receiver to control assets on Tuesday.

According to initial reports, the 58 year-old billionaire tycoon, sports entrepreneur, and financier is accused, by the U.S. government, in a Fort Worth/Dallas, Texas federal court, of fraudulent selling certificates of deposit offered by Stanford International Bank Ltd. (SIB), located in Antigua, one of its affiliates. Stanford’s location is unknown and he holds dual citizenship in Antigua and America.

JusticeNewsFlash.com breaking news for West Palm Beach securities fraud lawyers.

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About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.