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Top Antiguan Banking Regulator Testifies Against Stanford

The fraud trial of Houston financier R. Allen Stanford is entering its second week.

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Top Antiguan financial regulator Althea Crick took the stand Monday afternoon. Crick testified Stanford pressured her to report to him on work related to the oversight of his banking business in Antigua.

Crick said she refused, but Stanford persisted, using his influence with Antigua’s government to try to force her compliance or removal.  At one point, she returned from an off-island trip to find the prime minister had placed her office under Stanford’s control. Only after an appeal to Antigua’s attorney general was she able to get the order rescinded.

Earlier, government and defense attorneys sparred over testimony from Mark Collinsworth, a former Memphis-based analyst for Stanford Financial Group. Collinsworth appeared to bear out defense claims that Stanford’s chief financial officer, James Davis, was behind the fraud that led to the bilking of more than $7 billion from investors

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media's coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media's business reporter, covering the oil...

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