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Stanford Financial Group
The Stanford Financial Group was a privately held international group of financial services companies controlled by Allen Stanford, until it was seized by United States (U.S.) authorities in early 2009. Headquartered at 5050 Westheimer in Uptown Houston, Texas, it had 50 offices in several countries, mainly in the Americas, included the Stanford International Bank, and was said to have managed US$8.5 billion of assets for more than 30,000 clients in 136 countries on six continents. On February 17, 2009, U.S. Federal agents placed the company into receivership due to charges of fraud. Ten days later, the U.S. Securities and Exchange Commission amended its complaint to accuse Stanford of turning the company into a "massive Ponzi scheme". History Allen Stanford traced his company to the insurance company founded in 1932 in Mexia, Texas, by his grandfather, Lodis B. Stanford. However, there was no direct connection between the insurance company and Allen Stanford's banking business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laura Pendergest-Holt
Laura Pendergest-Holt (born July 23, 1973) is a convicted Ponzi scheme perpetrator, financier, and former chief investment officer of Stanford Financial Group, who was charged with a civil charge of fraud on February 17, 2009. On May 12, 2009, Pendergest-Holt was indicted by a federal grand jury on two counts of a criminal complaint of Obstruction of justice, obstructing a fraud investigation and Conspiracy (crime), conspiracy to obstruct justice. In early 2009, Stanford Financial became the subject of several fraud investigations, and on February 17, 2009, Pendergest-Holt was charged by the U.S. Securities and Exchange Commission with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $8 billion in certificate of deposit, certificates of deposit. The FBI raided three of Stanford's offices in Houston, Memphis, Tennessee, Memphis, and Tupelo, Mississippi. On February 27, 2009, the SEC amended its complaint to describe the alleged frau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allen Stanford
Robert Allen Stanford (born March 24, 1950) is an American financial fraudster, former financier, and sponsor of professional sports. He is serving a 110-year federal prison sentence, having been convicted in 2012 of fraud, on charges that his investment company was the vehicle for a massive Ponzi scheme. Stanford was the chairman of the now-defunct Stanford Financial Group of Companies. A fifth-generation Texan who once resided in Saint Croix, U.S. Virgin Islands, he holds dual citizenship, as a citizen of Antigua and Barbuda and of the United States. He contributed millions of dollars to politicians in Antigua and the United States, amongst other countries. In early 2009, Stanford became the subject of several fraud investigations, and on February 17, 2009, was charged by the U.S. Securities and Exchange Commission with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $7 billion in certificates of deposits. The Federal Bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Overseas Territory
The British Overseas Territories (BOTs), also known as the United Kingdom Overseas Territories (UKOTs), are fourteen dependent territory, territories with a constitutional and historical link with the United Kingdom. They are the last remnants of the former British Empire and do not form part of the United Kingdom itself. The permanently inhabited territories are internally Self-governance, self-governing, with the United Kingdom retaining responsibility for Defence (military), defence and foreign relations. Three of the territories are inhabited only by a transitory population of military or scientific personnel. All but one of the rest are listed by the Special Committee on Decolonization, UN Special Committee on Decolonization as United Nations list of non-self-governing territories, non-self-governing territories. All fourteen have the Monarchy of the United Kingdom, British monarch as head of state. three territories (the Falkland Islands, Gibraltar and the Akrotiri an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Antigua
Bank of Antigua was an Antigua-based bank that was owned by the Stanford Financial Group and was central to the Ponzi scheme run by Allen Stanford. It was originally formed on the 10 February 1981 in St. John's. When the Ponzi scheme was exposed in 2009, the bank was taken over by the Eastern Caribbean Central Bank The Eastern Caribbean Central Bank (ECCB) is the central bank for the Eastern Caribbean Dollar, Eastern Caribbean dollar and is the monetary authority for the members of the Organisation of Eastern Caribbean States (OECS), with the exception of ... (ECCB) on 20 February 2009. The bank was renamed to the Eastern Caribbean Amalgamated Bank by the ECCB and they disposed of it in Nov 2011. References External links BBC Antigua bank hit by fraud charge * [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquidator (law)
In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution. Liquidator is a person officially appointed to 'liquidate' a company or firm. Their duty is to ascertain and settle the liabilities of a company or a firm. If there are any surplus, then those are distributed to the contributories. Origins In English law, the term "liquidator" was first used in the Joint Stock Companies Act 1856. Prior to that time, the equivalent role was fulfilled by "official managers" pursuant to the amendments to the Joint Stock Companies Winding-Up Act 1844 passed in 1848 - 1849. Powers In most jurisdictions, a liquidator's powers are defined by statute. Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vantis
Vantis plc was an accountancy firm based in London, England, providing accounting, tax and business advice to owner-managed businesses, listed companies, not for profit organisations, high-net-worth individuals and other professionals. It was placed in administration on 29 June 2010 and promptly broken up, with the various offices and businesses being sold as going concerns. History Vantis was formed as a "consolidator", inviting existing small local accountancy partnerships to join it and become part of a national company. It was listed on the Alternative Investment Market (AIM) in May 2002. In 2005 it took over struggling competitor Numerica, selling some of the offices to BDO Stoy Hayward. Numerica was one of the first consolidators, led by former firm Levy Gee; at a time when audit work was restricted to partnerships, it was the first publicly listed company to employ staff part-time who also did audit work for an associated partnership. Numerica had been the UK member of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunday School
A Sunday school is an educational institution, usually (but not always) Christian in character. Other religions including Buddhism, Islam, and Judaism have also organised Sunday schools in their temples and mosques, particularly in the West. Sunday school classes usually precede a Sunday church service and are used to provide catechesis to Christians, especially children and teenagers, and sometimes adults as well. Churches of many Christian denominations have classrooms attached to the church used for this purpose. Many Sunday school classes operate on a set curriculum, with some teaching attendees a catechism. Members often receive certificates and awards for participation, as well as attendance. Sunday school classes may provide a light breakfast. On days when Holy Communion is being celebrated, however, some Christian denominations encourage fasting before receiving the Eucharistic elements. Early history Sunday schools were first set up in the 18th century in England to pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baldwyn, Mississippi
Baldwyn is a city located in Lee and Prentiss counties, Mississippi, located in the northern part of the Tupelo micropolitan area. The population was 3,071 at the 2020 census. History Located five miles north of Guntown, the main street of Baldwyn runs along the county line of Lee and Prentiss counties. Baldwyn has the unusual distinction of having been incorporated in four counties. It was incorporated by an act of the Legislature in Tishomingo and Itawamba counties on April 1, 1861. Lee county was formed from parts of Itawamba and Pontotoc on October 26, 1866, while Tishomingo was divided into Alcorn, Prentiss, and Tishomingo on April 15, 1870. Baldwyn is an outgrowth of the village of Carrollville: when the Mobile and Ohio Railroad was being built during the years of 1848 to 1861, it missed Carrollville by one and one-half miles and the citizens moved to the new town of Baldwyn, which was named for the civil engineer who surveyed the road through the town. Tishomin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baylor University
Baylor University is a private Baptist Christian research university in Waco, Texas. Baylor was chartered in 1845 by the last Congress of the Republic of Texas. Baylor is the oldest continuously operating university in Texas and one of the first educational institutions west of the Mississippi River in the United States. Located on the banks of the Brazos River next to I-35, between the Dallas–Fort Worth Metroplex and Austin, the university's campus is the largest Baptist university in the world. As of fall, 2021, Baylor had a total enrollment of 20,626 (undergraduate 15,191, graduate 5,435). It is classified among "R1: Doctoral Universities – Very High Research Activity". The university grants undergraduate and graduate degrees, including doctoral and professional degrees. Baylor University's athletic teams, known as the Bears, participate in 19 intercollegiate sports. The university is a member of the Big 12 Conference in the NCAA Division I. History In 1841, 35 d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
