At last, just happy to see that someone is trying to resolve this situation. Everyone is crying about the investors, but what about the employees.. many of which have remained unemployed since FEB 2009 and have not yet received one penny of their severance! Under the labour code of Antigua, we should have been paid a long time ago but no-one cares about us or fights for us......Lets hope that this matter is resolved quickly so that we too can get on with our lives.

9,009 CD claims for approximately $2.6 billion
241 coin and bullion claims for approximately $63.4 million
595 employee claims for approximately $23.1 million
293 vendor claims for approximately $21.4
7 landlord claims for approximately $5.6 million
409 other claims for approximately $138.7 million

Janvey intends to settle all these other claims with the claims from the REAL VICTIMS. And, lets not forget the IRS sitting in the background still waiting for their piece of the pie, plus the fees of the lawyers on the American Committee!!

Grant Thornton have estimated that the costs for ex-employees in Antigua will be around $2 million, compared to Janvey who lists $23 million.

GT estimates the costs for distribution between $750,000 and $950,000, Janvey estimates the costs at "approximately $3.85 million in
expenses and professional fees."
The difference between what the two are estimating as additional expenses shows Janvey quoting more than $250 Million in additional costs and additional expenses (payments to other debtors beside the victims)!!

A quick read of this "serious" proposal makes it clear that all these two are serious about is xxxxx all the proceeds of the crime, as well as all the evidence behind Antigua's banking secrecy laws. The same laws which allowed (enabled) the allegedly fraud, and now are being used to xxxx the last remnants of Sir Allen's "bank".

This seems like a "day late and a dollar short" publicity stunt. The US has already set up the claims process and set a 1 September deadline for filing. In their spare time they managed to try and convict Sir Allen, who remains innocent in the eyes of Antiguan law.

Why is it that Antigua continues to stall and obstruct the investigation and prosecution of those involved, not to mention the return of assets to their victims?

After reading the letter, I can't help but wonder if Al Capone's lawyer tried the same thing?

Could someone explain why Antigua has appointed liquidators and expropriated assets while no charges have been brought, and they continue to protect Leroy King?

Other than the obvious answer, that they want to take everything that's left? Is the rule "our fraud, our loot?"

The JL's look real happy in this picture. Must be because of all the money they're making!