AG Clarifies Recent Stanford Companies’ Directors Ruling

Antigua St. John’s – Attorney General Justin Simon has responded to the latest legal ruling in the ongoing Stanford Ponzi Scheme saga.
The ruling has resulted in the upholding of a decision taken in 2010 by Registrar of Companies Ricki Camacho to deny registration of several new directors, including Andrea Stoelker, to Stanford Companies across the country and supposing that the companies were operating illegally with such directors in place. The Attorney General, who was also one of the complainants in the case, said the Power of Attorney issued by R. Allen Stanford has a life of its own, giving certain individuals the power and authority to do in his name what he can legally do for as long as the PoA subsists. More in Cariberena Antigua here.