Thursday, February 19, 2009

People form long queues to withdraw cash


People form long queues to withdraw cash
19-02-2009

Hundreds of people in Venezuela and the Caribbean island of Antigua have been queuing to withdraw their money from banks associated with the Texan financier, Allen Stanford, who's been accused of massive fraud. Financial regulators insisted the banks had sufficient reserves as long queues formed outside branches of the Stanford International Bank in Antigua and Caracas. The authorities in Antigua warned that the charges could have catastrophic consequences for the island, where the billionaire made his home.

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