Saturday, February 21, 2009

Allen Stanford Accusation: A Threat for Caribbean Cricket?

I guess you already know about the controversy regarding Sir Allen Stanford, the Texan billionaire, who was recently arrested in the U.S. after Securities and Exchange Commission (SEC) in the country accused him of financial fraudulently of $8 billion in selling certificates of deposit. His accusation has created a storm in world cricket, especially in the Caribbean cricket where Allen Stanford emerged as a rescuer few years back. He heavily invested in Antigua and set up Bank of Antigua, a part of investment network, controlled by Stanford International Bank. Allen Stanford also started a multi-million dollar Twenty 20 cricket match with the prize money of $20 million in offer for the winning team. Now, his recent charges shows that West Indies Cricket is now in serious trouble.

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