•HRES 1129 IH 
Whereas Allen Stanford had close ties with the Government 
of Antigua and Barbuda and, among other things, Mr. 
Stanford is alleged to have loaned at least $85,000,000 
to the Government of Antigua and Barbuda, which likely 
came from investor funds; 
Whereas the relationship of the Stanford Financial Group 
with the Government of Antigua and Barbuda was de-
scribed in a joint statement by the Stanford Financial 
Group and the Cabinet of Antigua and Barbuda as a 
‘‘productive and mutually beneficial relationship’’; 
Whereas the United States Securities and Exchange Commis-
sion alleged that Leroy King, the chief executive officer 
of the Financial Services Regulatory Commission of Anti-
gua and Barbuda, was bribed by Mr. Stanford not to in-
vestigate the Stanford International Bank, to provide Mr. 
Stanford with access to the Financial Services Regulatory 
Commission’s confidential files, to allow Mr. Stanford to 
dictate the Financial Services Regulatory Commission’s 
responses to inquiries by the Securities and Exchange 
Commission about the Stanford International Bank, and 
to withhold information from the Securities and Ex-
change Commission; 
Whereas, after the fraud allegedly perpetrated by the Stan-
ford Financial Group was made public, the Government 
of Antigua and Barbuda seized Stanford property in An-
tigua and Barbuda worth up to several hundred million 
dollars; 
Whereas, in an October 28, 2009, report, the United States 
court-appointed receiver, Ralph Janvey, reported that 
‘‘the total of all cash collected is $128.8 million, of which 
$71.5 million remains on hand after payment of ex-
penses’’, which falls far short of investor losses; 
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•HRES 1129 IH 
Whereas Janvey’s report also noted that ‘‘the Antiguan liq-
uidators object to every attempt to secure and liquidate 
assets, world-wide’’, and ‘‘[t]he government of Antigua 
refuses to recognize US orders even as to entities for 
which there is no other owner i.e. the Antiguan liquida-
tors were only appointed to liquidate two of the more 
than 150 Stanford entities, but we are hindered by Anti-
gua’s refusal to recognize the Court’s orders even as to 
non-disputed entities’’; and 
Whereas the Government of Antigua and Barbuda is seeking 
loans from the International Monetary Fund and the 
World Bank: Now, therefore, be it 
Resolved, That it is the sense of the House that the 
Secretary of the Treasury should direct the United States 
Executive Directors to the International Monetary Fund 
and World Bank to use the voice and vote of the United 
States to ensure that any loan made by the International 
Monetary Fund or the World Bank to the Government of 
Antigua and Barbuda is conditioned on providing com-
plete redress to the victims of the Stanford Financial 
Group fraud, including through— 
(1) the full cooperation of the Government of 
Antigua and Barbuda and the liquidators appointed 
for the liquidation proceeding relating to the Stan-
ford International Bank in Antigua and Barbuda 
with the Securities and Exchange Commission, the 
Department of Justice, and the United States court- 
appointed receiver in investigating the Stanford Fi-
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•HRES 1129 IH 
nancial Group fraud and marshaling the assets of 
Mr. Stanford and Stanford-affiliated entities; 
(2) an agreement by the Government of Anti-
gua and Barbuda to be subject to the jurisdiction 
and bound by the judgment of any United States 
court or international court that is adjudicating the 
claims of victims of the Stanford Financial Group 
fraud; 
(3) the transfer of the assets seized by the Gov-
ernment of Antigua and Barbuda and the liquida-
tors in Antigua and Barbuda to the United States 
court-appointed receiver for the benefit of victims of 
the Stanford Financial Group fraud; 
(4) a contribution by the Government of Anti-
gua and Barbuda to the United States receivership 
estate, for the benefit of victims of the Stanford Fi-
nancial Group fraud, in an amount equal to the 
amount of any funds provided to Antigua and Bar-
buda by Mr. Stanford or any Stanford-affiliated en-
tity; and 
(5) a contribution by the Government of Anti-
gua and Barbuda to the United States receivership 
estate, for the benefit of victims of the Stanford Fi-
nancial Group fraud, in an amount equal to any 
payments made by Mr. Stanford or the Stanford Fi-
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•HRES 1129 IH 
nancial Group to officials of the Government of An-
tigua and Barbuda for the purpose of subverting 
regulatory oversight of the Stanford International 
Bank. 
Æ 
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