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New fraud, New victims 18/02/2009

Posted by chrisdshaw in Economics.

First it was wealthy Jewish Americans facing financial ruin courtesy  of Bernie Madoff.  Now the victims are Caribbean and South American middle class depositors, particularly citizens of Antigua.

It’s still unclear about exact charges levelled against Alan Stanford (it remains a civil case so his disappearance isn’t yet an issue) but it’s bound to have an damaging effect on the economy of Antigua. Stanford was single-handedly responsible for rejuvenating West Indies cricket, through a huge investment program. That looks set to end.

and England look set to win the Test Match being played in St John! The injustice of it all.


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