Allen Stanford's move into banking utilised funds he had made in real estate in Houston, Texas, in the early 1980s.
[4] In February 2009, the US Securities and Exchange Commission (SEC) investigated the US operations of the Stanford Financial Group, including the bank.
[1] On 17 February 2009, the SEC charged Allen Stanford, Pendergest-Holt and Davis with fraud[5][6][7] in connection with the bank's US$8 billion certificate of deposit (CD) investment scheme that offered "improbable and unsubstantiated high interest rates".
[14] In the United States District Judge David Godbey froze all of the Stanford personal and corporate assets in the US and appointed Ralph Janvey of Dallas as receiver.
[15] On 19 February 2009, Nigel Hamilton-Smith and Peter Wastell of the British accounting firm Vantis were appointed joint receivers of the bank,[16] and were made liquidators on 15 April 2009.
[18] Properties in Antigua emerged as an important part of the company's assets, to be sold to enable payment of creditors and Vantis' own fees.
[22] Hamilton-Smith and Wastell transferred to the buyout firm FRP Advisory, and continued their legal fight to be reinstated as liquidators of Stanford.
[24] On 12 May 2011, Marcus Wide and Hugh Dickson of the international accounting firm Grant Thornton were appointed the new liquidators by the High Court of Antigua.
[25] In September 2011, it was reported that the U.S. Justice Department was investigating whether a Swiss subsidiary of Société Générale was used to channel funds to Stanford's personal accounts and failed to follow due diligence procedures or to ask questions about irregular banking activity.
The information is repeated and the forms are at http://www.sibliquidation.com/claims-administration/ (the URL denoted in the email was erroneous in as much as the "-" was missing between the words "claims" and administration").