Hundreds of people lined up at Allen Stanford’s Antiguan bank today seeking to withdraw money after the SEC charged the financier with an $8 billion fraud. According to Reuters, at least 600 people were lined up around the Bank of Antigua, which is part of Stanford’s sprawling global business. “I’m worried and I’d like to get my money out,” said Andrea Lamar. Stanford’s whereabouts are unknown. A federal judge has frozen the company’s assets. While Stanford has a large presence in downtown Baton Rouge, BusinessWeek reports the investigation is focusing on three main U.S. offices: Houston, Memphis, Tenn., and Tupelo, Miss. Read the BusinessWeek story here.
Stanford’s Antigua bank swarmed, financier still missing
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