There’s very little end in sight for unpaid striking workers of Stanford Development Company (SDC) as neither SDC’s former directors nor the liquidators of Allen Stanford’s empire in Antigua are able to say when they will receive their monies.

Prime Minister Baldwin Spencer has issued a warrant ordering the extradition of the former Financial Services Regulatory Commission (FSRC) boss Leroy King to face trial in the US on several charges related to the Allen Stanford US $7 billion Ponzi scheme.

Allen Stanford expects to appeal his fraud conviction, his lead attorney has said, moments after a jury found the former financier guilty of masterminding a US $7 billion Ponzi scheme through his Stanford International Bank based here.

The jury weighing evidence against Allen Stanford said yesterday afternoon it was unable to reach a verdict in the trial of the former Texas financier.

An Antiguan accounting expert who is also the island’s top banking regulator told the jury at R Allen Stanford’s investment fraud trial that he repeatedly tried to influence the agency that oversaw his banking operations there.

A jury was told Monday that billions of assets the Stanford International Bank (SIB) held in Antigua had been placed in a mysterious portfolio known as Tier III and controlled by the disgraced Texan financier and a few other people.

With jury selection on the way, opening arguments are expected to commence today in the trial of R Allen Stanford, the man accused of bilking 20,000 investors of US $7 billion in an alleged Ponzi scheme.

The court-appointed attorneys for accused Ponzi schemer Allen Stanford have filed a new motion to delay the January 23 start of trial after being ordered to remain on the job.

A fresh attempt has been made to delay the trial of accused Ponzi schemer Allen Stanford who was Thursday found mentally fit to defend himself.

United Progressive Party (UPP) Senator Colin Derrick has told members of the ruling administration to proceed with caution with the US Senate Resolution 346 presently before the House.