U.S. and Antiguan officials liquidating Allen Stanford’s offshore bank said they have reached a settlement that would return a substantial portion of $300 million in frozen assets to the victims of Stanford’s fraud, a court filing showed. Stanford was sentenced in June to 110 years in prison for bilking investors with fraudulent certificates of deposit issued by Stanford International Bank, his bank in Antigua. Ever since the Ponzi scheme was uncovered, U.S. and international authorities, including those in Antigua and the United Kingdom, have been fighting for control of Stanford’s assets outside of the United States. More on Fox Business News here.
