The mission of the new liquidators of Stanford International Bank (SIB) is to recover $7 billion in losses stemming from the alleged R. Allen Stanford multi-billion Ponzi scheme and return the money to approximately 22,000 creditors in the shortest time possible. On May 12, 2011, Marcus Wide and Hugh Dickson were appointed the new liquidators of SIB. Mr. Wide and Mr. Dickson work for member firms of Grant Thornton International Limited* a network of independent firms delivering audit, tax and advisory services to a wide range of clients across the globe. Together Mr. Wide and Mr. Dickson have more than 60 years’ combined experience in insolvency and recovery–not only across borders, but also across a large number of jurisdictions, powered by the global reach of the Grant Thornton International network. Mr. Dickson and Mr. Wide replaced Nigel Hamilton-Smith and Peter Wastell by order of the High Court of Antigua.
*Grant Thornton International Ltd (Grant Thornton International) and the member firms are not a worldwide partnership.
Services are delivered independently by the member firms.
– Please use the link provided to read the transcript from the Online Creditors Meeting that was given by the Stanford International Bank Joint Liquidators on December 7, 2011.
– Please use the link provided below read the transcript from the Online Creditors Meeting that was given by the Stanford International Bank Joint Liquidators on October 11, 2011.