{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Reaction in Antigua to Stanford bank scandal' data-url='/boclips/videos/5c54ba87d8eafeecae11e346' data-video-url='/boclips/videos/5c54ba87d8eafeecae11e346' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nReaction in Antigua to Stanford bank scandal\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\u0026amp;search_tab_id=2\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide exterior of Stanford International Bank 2. Mid of sign reading (English): \"Stanford International Bank\"3. Group of people entering Stanford International Bank4. SOUNDBITE (English) Ken Kentish, Antiguan attorney:\"He is a big...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide exterior of Stanford International Bank \u003cbr/\u003e2. Mid of sign reading (English): \"Stanford International Bank\"\u003cbr/\u003e3. Group of people entering Stanford International Bank\u003cbr/\u003e4. SOUNDBITE (English) Ken Kentish, Antiguan attorney:\u003cbr/\u003e\"He is a big employer in the country, and there are hundreds and thousands of people whose livelihoods depend on the success and the continuance of his businesses. So I'm very concerned about those individuals and the long term effects on the Antiguan economy.\"\u003cbr/\u003e5. Wide of lawyers walking\u003cbr/\u003e6. SOUNDBITE (English) John Fuller, Antiguan attorney:\u003cbr/\u003e\"I think it's a monumental disaster. A monumental disaster for the country, for the depositors, for everybody concerned.\"\u003cbr/\u003e7. Wide exterior of Bank of Antigua\u003cbr/\u003e8. Close up of sign reading (English): \"Bank of Antigua\"\u003cbr/\u003e9. SOUNDBITE (English) John Fuller, Antiguan Attorney:\u003cbr/\u003e\"I have family, family of mine that lives overseas, who have deposited over two million (m) dollars with Stanford International Bank, and they are panicking, just like everyone else who has money there, huge panic. But there's very little they can do at the moment. They're going to have to sit back and wait.\"\u003cbr/\u003e10. Exterior of Bank of Antigua\u003cbr/\u003eCaribbean regulators on Friday took control of an Antiguan bank owned by Texas billionaire R. Allen Stanford to prevent its collapse as depositors rushed to pull their money after American financier was accused of fraud.\u003cbr/\u003eThe Eastern Caribbean Central Bank, the monetary authority for eight island economies in the region, said the Bank of Antigua's board of directors requested the intervention because of the \"untenable situation\" at its three branches in the twin-island nation of Antigua and Barbuda.\u003cbr/\u003eThe Central Bank Governor did not disclose how much money had been pulled from the bank since Tuesday, when US authorities announced civil fraud charges against Stanford but warned that the bank could face liquidity problems. \u003cbr/\u003eAuthorities have been urging depositors not to panic, fearing a bank failure could disrupt the local economy.\u003cbr/\u003eAntiguan attorney John Fuller described the situation as \"monumental disaster,\" as he said that thousands of Antiguans are likely to be affected by the Stanford crisis.\u003cbr/\u003eSeparately, Antigua's Financial Services Regulatory Commission, which regulates offshore banking, appointed a British firm, Vantis Business Recovery Services, as a receiver of Stanford International Bank and Stanford Trust Company.\u003cbr/\u003eUS authorities allege Stanford, who holds dual US and Antiguan citizenship, used his offshore Stanford International Bank to lure investors into a scam involving (b) billions of dollars.\u003cbr/\u003eStanford, 58, is a larger-than-life figure in the Caribbean, using his personal fortune, estimated at 2.2 (b) billion by Forbes magazine, to bankroll public works and cricket tournaments.\u003cbr/\u003eHe also is a major player in US politics, personally donating nearly a (m) million dollars, mostly to Democrats. \u003cbr/\u003eHe owns a home in the US Virgin Islands, and operates businesses from Houston to Miami and Switzerland to Antigua, where he holds citizenship and the government knighted him in 2006 in recognition of 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