/EINPresswire.com/ Caracas, Venezuela. May 1, 2010. The COALITION VICTIMAS DE STANFORD AMERICA LATINA protests against the indulgent attitude of the International Monetary Fund (IMF) in response to a request for economic help from the Government of Antigua.

Jaime R. Escalona, Leader of the Coalition asks: “Why is the IMF about to award a $124 million dollars loan to the Government of Antigua, knowing that Antigua was a criminal partner of R. Allen Stanford in the perpetration of the largest pyramidal fraud in history? Why help them if its Government has not responded for the $7.2 billion US dollars that were robbed from 27,992 victims distributed among 113 countries? Why do they ridicule us so unmercifully? Why such complicity?”

“We remind Mr. Dominique Strauss-Khan, Managing Director of the IMF, that on November 5, 2009 he received a letter from the COALICION VICTIMAS DE STANFORD AMERICA LATINA explaining the criminal role of Antigua in the perpetration of this Ponzi scheme and its devastating effects on thousands of families around the world. It would be extremely immoral to grant economic assistance to the Government of Antigua, without first holding them responsible for compensating the victims for their loses,” remarked Escalona.

Likewise Escalona said that last November 5, the following Executive Directors at the IMF were equally informed:

22 Executive Directors:

Takatoshi Kato, Murilo Portugal, Nicolás Eyzaquirre, Meg Lundsager, Daniel Heath, Daisuke Kotegawa, Hiromi Yamaoka, Klaus D. Stein, Stephan von Stenglin, Ambroise Fayolle, Aymeric Ducrocq, Alex Gibbs, James Talbot, Ramón Guzmán Zapater, Alfonso Guerra, Stephen O’Sullivan, Thomas Moser, Katarsyna Zajdel-Kurowska, Paulo Nogueira Batista Jr., María Inés Agudelo, Pablo Andrés Pereira y David Vogel.

Escalona commented, “Stanford’s victims are also citizens of countries represented by members of the IMF and for this reason we have the right to be served by the Executive Directors and obtain a timely response to our requests.”

In reference to the banking and financial system in Antigua, Escalona observed, “The IMF must admit its failure for not detecting the critical deficiencies of the banking and financial system in Antigua within the framework of the application of the Financial Sector Assessment Program (FSAP) of the IMF and the World Bank.”

In reference to the $124 million dollars loan requested by Antigua, Escalona concludes saying, “At this moment the IMF should not give economic assistance to the Government of Antigua. The IMF must show solidarity with Stanford’s victims, demanding the Government of Antigua to begin the immediate restitution of the money that was cruelly stolen from the victims with the complicity of the Regulatory Authorities of the Island.” The COALICION VICTIMAS DE STANFORD AMERICA LATINA cries out for justice before so much immorality.


Jaime R. Escalona
Leader Coalicion Victimas de Stanford
America Latina
E-mail: [email protected]; [email protected]
Teléfono: (512) 377-9255