Archive for April 16th, 2010

April 16, 2010

Sir Allen Stanford

By Jackson Henry

Allen Stanford was born on 3/24/50 in the small town of Mexia, Texas. In 1983, he opened a gym in Waco which went bankrupt. He escaped to Houston leaving his debts behind including a $31,800 judgment. In 1985, Allen opened a bank in Montserrat (Caribbean) but soon fled to Antigua after British crackdown on offshore banking. In Antigua, Allen opened Stanford International Bank, got favors from government officials and Bank Commissioner, Leroy King with bribes and gifts. Soon Allen got into a public “mud throwing” fight with Prime Minister Baldwin Spencer. 

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