No Funds from Gaming Companies at Stanford's Closed Antigua Bank

03/09/2009 8:09
Type Online Report
Theme sportsbook

Online gambling websites the world over breathed a sigh of relief upon learning that billionaire Allen Stanford's bank in Antigua had been shut down. That's because none of them had any money there.

Antigua serves as one of the leading host nations for the multi-billion dollar online gambling industry and Stanford's bank obviously provided the convenience of operating in the same jurisdiction.

"(Allen) Stanford wouldn't deal with anyone associated with gambling businesses because he claimed to be a Southern Baptist," said one operator.

And so after Stanford's indictment earlier this year, while Antigua remained devastated, its online gambling sector felt little if any impact.

Stanford, knighted and considered a prominent financier who sponsored a professional cricket team, was charged with fraud last February.

"Federal agents raided the offices of Stanford Financial on February 17, 2009 and are presently "treating it as a kind of crime scene-cautioning people not to leave fingerprints."

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