| SEC has entered an appeal in the court of Antigua. | | | | So if Stanford declared as guilty then many cricket |
| The Regional Director of Securities and Exchange | | | | series could be in danger as it is the major sponsor |
| Commission said in a press conference that we an | | | | of cricket. A huge number of matches have been |
| only tells you that a fraud has been found and its | | | | conducted under the sponsorship of Stanford so it |
| magnitude are just shocking or you can say | | | | could be the cause of major loss to many countries. |
| unbelievable. SEC has also requested to a district | | | | This investigation not only put impact on the cricket |
| judge to impose a restraining order on the assets | | | | but it has also spread panic inside the financial market |
| and on the operation of the company as well. And | | | | of USA. This is also a reason due to which people are |
| yesterday the court has also gave an approval on | | | | getting worried and having panic among them. As in |
| this request of The Securities and Exchange | | | | USA, Bernard L.Madoff case was also held in USA so |
| Commission and put a temporary ban on the | | | | that also give strengths to the rumors that USA |
| operation of the Stanford Group of Companies. | | | | financial crises are getting severe and severe. |
| The main allegation that is imposed on the Stanford | | | | Bernard case was remained uninvestigated and the |
| an on his relatives, who are business partner with | | | | reason behind that was just to control the economy |
| him, is that they have issued subpoenas for banks | | | | of USA so that the Government can save their |
| and most of them failed to prove themselves | | | | economy from any bad impact. But after that |
| correct. As they have no evidence or documents | | | | Stanford came comes into the eyes and once again |
| which prove them true. Stanford group, itself, as | | | | Government has to think seriously that what kind of |
| more then thirty thousand clients and if we total the | | | | steps they have to take to prevent themselves |
| investments of those clients then it would be | | | | from such kind of incidents. On the other hand |
| approximately of US Fifty Billion dollars. So from | | | | Cricket boards also have to think seriously about the |
| these figures you can imagine that how much big this | | | | back up sponsor of Stanford. Because if Stanford |
| scandal could be. | | | | declared as guilty then Cricket Board has to take |
| The bank has claimed that the return of CDs which | | | | some serious steps to save them selves from any |
| was given by Stanford is much higher and that is just | | | | kind of financial loss. |
| because of its good quality investments. But the | | | | You must make yourself update with more news |
| thing which is missing is that those investments have | | | | and cricket livescores on ScoresPro. |
| nothing with them like they are like fake investments. | | | | |