The Antigua Sun is reporting that:
Some 77 employees of the Stanford International Bank (SIBL) and Stanford Trust were sent home yesterday, empty handed and with no word as to whether or not they will receive their severances.
SIBL has been a central figure in the ongoing fraud investigation by the US Securities and Exchange Commission (SEC).
The SEC has charged that the Antigua-based SIBL defrauded investors of some US$8 billion through the sale of high yield Certificates of Deposits, otherwise known as CDs.
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