Stanford fraud - Summary Chart
July 30, 2010
The document lists the Stanford International Bank, Ltd. (SIBL) of Antigua and Barbuda depositors by country of origin. Depositors from 114 countries, including the United States, China, and Israel are listed.
The most surprising depositor listed was from Bouvet Island, a wind-swept and foreboding uninhabited and volcanically-active Norwegian island in the south Atlantic between South Africa and Antarctica. There is a reported Norwegian unmanned weather station on the island.
|Bouvet Island is an unlikely place to find a Stanford International Bank depositor.|
The use of Bouvet Island as a pass-through for investments in SIBL adds to the suspicions that Stanford’s bank
became the new Bank of Credit and Commerce International (BCCI) for various intelligence agencies, including the
CIA, Britain’s MI-6, and Mossad, for narcotics money laundering, weapons smuggling, and illegal payments to CIA
and other intelligence and criminal syndicate clients around the world.
A spokesman for the Norwegian embassy in Washington, DC expressed surprise at the revelation that its uninhabited island had a depositor in SIBL in Antigua.
Additional information from the Norwegian government on the possible use of one of its uninhabited dependencies for international money laundering has been requested.
"The depth of the failure at the SEC in the Stanford investigation is unbelievable," said U.S. Sen. David Vitter, R-La.
Vitter added that he is pushing for a Senate Banking Committee hearing on Kotz’ report in September because: "The one thing that is clear from the report is that the debt the SEC owes the Stanford victims is enormous."
"I urge the SEC to act swiftly in correcting these wrongs, so these families whose retirement and savings were stolen as a result of greed and government failure can begin rebuilding their lives," U.S. Rep. Charlie Melancon said.
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