1. How did SIBs status as an offshore bank facilitate Stanfords alleged fraud? 2. Why would investors...
Question:
1. How did SIB’s status as an “offshore bank” facilitate Stanford’s alleged fraud?
2. Why would investors be willing to sacrifice immediate access to the funds they deposited with SIB?
3. What elements were missing from the governance structure of Stanford Financial Group?
4. What was the basis of Stanford’s defense?
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1 As an offshore bank Stanford International Bank SIB SIB operated outside of US banking regulations This facilitated Stanfords alleged fraud With a r...View the full answer
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