St. Johns, Antigua
A group of investors is urging an Antiguan court to remove a British accounting firm appointed to collect assets of a Caribbean offshore bank at the center of an alleged Ponzi scheme by Texas financier R. Allen Stanford, the AP reported on Nov. 21.
Martin Kenney, a lawyer for the group led by Florida businessman Alexander Fundora, said his clients have asked the High Court of Antigua to remove Vantis Business Recovery Services as liquidator because a Canadian court found earlier this year that it had deleted data from computers in the Montreal branch of Stanford International Bank.
“In order to recover and apportion the bank’s assets in the fairest and most efficient way possible for the victims of this apparent grand fraud, it is crucial to have Vantis removed and replaced as soon as possible,” Kenney said.
Vantis was appointed by Antiguan authorities to liquidate the assets of Stanford International Bank.
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