Antigua counts the cost of Allen Stanford's fall from grace

03/8/2012 | BBC

Texan financier Allen Stanford has been found guilty of defrauding investors of $7 billion, but residents of Antigua, the Caribbean island where Stanford made his home, say they were victims, too. Stanford invested heavily in Antigua, building banks, hospitals and sports stadiums, and his empire's collapse reportedly left thousands of Antigua's 85,000 residents without jobs. "[W]ithout him the country just dropped automatically. In fact it's broke, dead broke," says one resident.

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