6min chapter

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18. The Tycoon (Allen Stanford)

Swindled

CHAPTER

The Legend of Alan Stanford

Alan Stanford started Guardian International Bank on the British Territory Island of Montserrat in 1985. The bank operated for half a decade before the UK's government began sniffing around its books and wanted it banished from the country. In less than three years, Stanford International Bank was worth more than $350 million. Thousands of clients from all over the world put their nest eggs in the hands of the man from Texas.

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