Friday, 6 April 2012

Stanford JLs Status Update

Yesterday, the Joint Liquidators of Stanford International Bank, Marcus Wide and Kent McParland, Associate Director at Grant Thornton, held a status webinar. In the three months, the Joint Liquidators have:

 • Finalized sale of and collected funds for Eastern Caribbean Amalgamated Bank building in Antigua for   US$4.5 million
• Working to recover possibly in excess of US$12 million in Colombia 
• Looking into potential sale of lands adjacent to the Antiguan Airport
• Launched claims process and online claims process
• Met with US Congressional leaders and foreign governmental officials
• Forced Receiver to bring damages claim by Receiver against two law firms
• Obtained tolling agreements for future lawsuits against two other law firms
• Independent investigators and experts working on identifying and developing damages and recovery claims to be filed
• Appointed interim sale consortium for maximizing value of sale of land in Antigua
• Caused DOJ to drop request for repatriation in the UK for now
• Opposed loss of funds belonging to estate to DOJ in Canada
• Obtained order of liquidation of Stanford Trust Company (Antigua)

Provided below is a link to the webinar. Please note you will need to complete a form in order to view the webinar. You can also access the below link by visiting www.sibliquidation.com. If you would like a copy of the PowerPoint please let us know.

 https://event.onlineseminarsolutions.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=443905&sessionid=1&key=8DBE903311CBF5B127C3F91B96064080&sourcepage=register

 As always, the Joint Liquidators are available to address any of your questions on greater detail.

Best regards,
Danise Rodriguez
ECO Strategic Communications
407.617.2200 / dr@ecostrats.com / www.ecostrats.com

No comments:

Post a Comment