News

Stanford International Bank Limited – in Liquidation Notice is hereby given that the Joint Liquidators intend to declare a first dividend to unsecured creditors within a period of 4 months from the last date of proving. Creditors who have not proved their debts must do [...]

Distribution in the 1% range to be completed before year-end Antigua, September 3, 2013 – Joint Liquidators Marcus Wide and Hugh Dickson of Grant Thornton have funds to distribute and plan to do so by year’s end. The Liquidators are processing the large number of [...]

Antigua, May 15, 2013 - Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) were appointed as Provisional Liquidators of SDC.  Within that role, they have taken over the company and are duty-bound to preserve its assets.  [...]

Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) began to gain control of the assets of SDC on April 17, 2013. Today they have been able to access the payroll records so they can arrange payments [...]

Antigua, April 19, 2013 - Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) began to gain control of the assets of SDC on April 17, 2013. Today they have been able to access the payroll records [...]

Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) were appointed as the new Joint Provisional Liquidators of SDC by The Eastern Caribbean Supreme Court, High Court of Justice, Antigua and Barbuda as of April 17, 2013. [...]

A Potential Distribution of Assets in Close Proximity Antigua, March 22, 2013 - Earlier this week, the Antiguan Court scheduled the hearing of an Application of the Joint Liquidators to Approve the Settlement Agreement with the Receiver, the US Department of Justice, and others. The hearing will [...]

DALLAS, TX, March 12, 2013 The Joint Liquidators (JLs) Marcus Wide and Hugh Dickson of the Stanford International Bank, Ltd. (SIB) and the U.S. Receiver for Stanford Financial Group and all related entities (Receiver), announced today that they have entered into a Settlement Agreement and Cross-Border Protocol (Settlement Agreement) [...]

Joint Statement of the U.S. Receiver (Ralph Janvey), the Joint Liquidators (Marcus Wide and Hugh Dickson), and the U.S. Examiner (John Little) Agreement reached in principle After extensive negotiations, and with the input of United States DOJ and SEC representatives, the U.S. Receiver (Ralph Janvey), [...]

On Friday, May 4, 2012, the Joint Liquidators (“JLs”) of Stanford International Bank Limited (SIB) made a serious proposal to the US Department of Justice (“DOJ”) to resolve the ongoing argument over priority, in the interest of saving costs and to accelerate an orderly distribution [...]

Stanford International Bank, Ltd. (In Liquidation) - Invitation to Online Presentation for the creditors/victims on April 4 at 11:00 a.m. EDT Dear Creditors/Victims - The Joint Liquidators of Stanford International Bank, Ltd. invite you to attend their 3rd online presentation: - LIVE Webinar featuring joint [...]

Based on creditors/victims feedback, the Joint Liquidators of Stanford International Bank released a new interactive claims form today in efforts to make the process for filing a claim more user friendly and efficient. While this form does not change the information that is required to [...]

The Joint Liquidators of Stanford International Bank, Marcus Wide and Hugh Dickson, today welcomed the guilty verdict in the trial of Allen Stanford. “Allen Stanford’s actions have hurt thousands of innocent people, some of whom lost their life savings. While a guilty verdict cannot reimburse [...]

FOR IMMEDIATE RELEASE Claims Process in Place for Fraud Victims ANTIGUA-January 18, 2012– The Joint Liquidators of Stanford International Bank released details of their initiation of the formal claims process to set the amount of claims of all creditors of the Bank. The formal claims [...]

FOR IMMEDIATE RELEASE SALE OF LAND PARCELS COULD BE WIN-WIN SITUATION FOR GOVERNMENT AND STANFORD CREDITORS ANTIGUA-January, 2012– The Government of Antigua would like to acquire two parcels of land which adjoin the airport as part of its redevelopment program. These parcels are part of [...]

Click the link below for a copy of a letter sent yesterday evening by Marcus Wide to Senators Vitter, Shelby, Cochran and Wicker explaining SR346 may be based on misunderstanding of facts. > Letter from Marcus Wide 12/12/11

Dear Creditors/Victims - The Joint Liquidators of Stanford International Bank, Ltd. invite you to attend their 2nd online presentation: - LIVE Webinar featuring joint liquidators Marcus Wide & Hugh Dickson – The Joint Liquidators will be updating creditors/victims about the current status of the liquidation [...]

Please use the link provided to listen to the Online Creditors Meeting that was given by the Stanford International Bank Joint Liquidators on October 11, 2011. click here to listen to the online meeting

      Dear Creditors/Victims - The Joint Liquidators of Stanford International Bank, Ltd. invite you to attend an online presentation: - LIVE Webinar featuring joint liquidators Marcus Wide & Hugh Dickson - The Joint Liquidators will be informing creditors/victims about the current status of the [...]

Dear Sir or madam, A story published in the August 18, 2011, edition of Caribbean360, “Investors question Antigua Stanford liquidators” makes several erroneous and unfortunate statements that only mislead and confuse victims of SIB’s failure. I am a creditor of the Stanford International Bank (SIB), [...]

Newly formed creditors’ committee is working closely with liquidators, but fears recovery efforts could stall if money isn’t released soon ANTIGUA-July 13, 2011– Liquidators of Stanford International Bank announced today that its newly formed Advisory Creditors’ Committee is backing a proposal to urge the U.S. [...]

ANTIGUA-July 1, 2011– Liquidators of Stanford International Bank announced today that its newly formed Advisory Creditors’ Committee has had its first meeting in keeping with the Joint Liquidators commitment to creditor  involvement with the liquidation process. “It was a very productive meeting” said Marcus Wide [...]

June 29, 2011  Today the Joint Liquidators of Stanford International Bank in Antigua, announced that they were making progress in their efforts to ensure that the efforts of the various stakeholders were focused on maximizing the total recovery for victims. “We have resolved not to have litigation [...]

Liquidators weigh selling real estate assets to generate funds, but worry that lack of liquidity could dampen creditors’ prospects for a strong recovery ANTIGUA-June 15, 2011– The newly appointed liquidators of Stanford International Bank announced today that they hope to reach a compromise with various [...]

13 May 2011 - Press Release in respect of the appointment Click to view PDF: Press Release of the appointment