03/11/2009

Stanford stripped of knighthood.

This perhaps could hurt Stanford more than anything else.

The Telegraph quoted Jacqui Quinn-Leandro, the chairman of the Caribbean country’s National Honours Committee, as saying that the nation voted unanimously to revoke his title for "embarrassing the nation" by running the scheme out of his Antigua-based offshore bank.

Now will Antigua return the money received from him for development back to those affected by his Ponzi scheme.

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