Antigua St. John's - R. Allen Stanford has revoked the power of attorney given to his fiancé Andrea Stoelker to run one of his last standing companies – Stanford Development Company in Antigua and Barbuda.
Attorney General Justin Simon has confirmed the revocation and notes that his office has speedily filed at the Deeds Registry.
Simon said the move now takes Stoelker out the control seat of the company and efforts are underway to obtain the resignation of Barbara Streete as Director of Stanford Development Company.
“The Power of Attorney that Mr. Stanford gave the Andrea Stoelker has been revoked and the revocation has been filed at the Deeds Registry yesterday (Monday),” Simon said. “I am also expecting the resignation letter of Barbara Streete to follow.”
Should the resignation be as forthcoming as the AG expects, Stanford Development Corporation will be left without a managing body, and the government would then explore the possibilities of putting the company into liquidation.
“The issues of severance would be addressed” when liquidation takes place, Simon said, as will the issue of “tracing all monies that have been received by Andrea Stoelker in respect of all properties of the company which either have been sold or leased.”
The Attorney General said that at the next sitting of parliament he would look to bring Stoelker’s management practices of the company under scrutiny.
When Caribarena contacted Andrea Stoelker for a comment on the matter she said simply, “I have no comment.” She opted not to confirm or deny.
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17 Comments In This Article
Re: Andrea Stoelker...
Daughter of Klaas
RE: Andrea Stoelker SDC Power of Attorney Revoked
Nice tidy little package.
I'd go long on pond water and widdly widdly bush.
And Wide and **son may want to look into forming their own partnership, I doubt Grant Thornton wants to be known as the Caribbean Arthur Anderson!!!
Reality
RE: Andrea Stoelker SDC Power of Attorney Revoked
budman
@Speed Bump
I think your being a bit harsh accusing all the American investors of trying to avoid paying U.S. taxes while it may be true of a few I would like to believe the majority declared their income and were simply looking for somewhere to invest their money with the best interest rates.
Remember the people maligning Antigua and its government are Angela Shaw and the SVC, they are a minority but unfortunately the majority of victims have no voice so we work behind the scenes backing Grant Thornton and trying to correct the misinformation put out by Angela Shaw and the SVC.
SIVG Victim
RE: Andrea Stoelker SDC Power of Attorney Revoked
Skywill, I totally agree with you. The severance for the local people who worked for SDC should be taken care of first. As a matter of fact, I do not understand why the US court is protecting the crying investors. They voluntarily engaged in offshore investment as a scheme to evade from paying US taxes. They all should actually be facing federal charges from the IRS for the unpaid capital gains taxes that they amassed in their Antigua accounts.
SPEED BUMP
RE: Andrea Stoelker SDC Power of Attorney Revoked
Difficult to understand but people died for Dudus and many others far worse than a schemer with RAS's charisma.
Bystander
RE: Andrea Stoelker SDC Power of Attorney Revoked
Jazz
RE: Andrea Stoelker SDC Power of Attorney Revoked
Angela Shaw of the SVC started a Hate Campaign "Anti-crime, Anti-Antigua" and her Attorneys took out a ridiculous lawsuit at no time did they try and work with the Antigua government. In Fact quite the opposite Shaw started a campaign of misinformation against the Antigua government and Grant Thornton.
Contrast that with how SIVG and Grant Thornton have behaved. The SIVG have constantly fought to correct the misinformation regarding Antigua and its government while Grant Thornton has worked with the Antigua government to try and ensure both the victims and the people who worked for Stanford are treated fairly.
Voice of Reason
RE: Andrea Stoelker SDC Power of Attorney Revoked
Justice
RE: Andrea Stoelker SDC Power of Attorney Revoked
With Andrea Stoelker and Barbara removed we can look forward to the the SDC properties and assets being handed over to the Joint Liquidators Marcus Wide & Hugh **son for liquidation.
Angela Shaw, the SVC and Janvey should take note how an experienced International Liquidators operate!
Stanford Victim
RE: Andrea Stoelker SDC Power of Attorney Revoked
Grant Thornton are executing a cooperative strategy which has borne fruit saving potentially millions in litigation costs and while giving up nothing to Stanford and his allies.
It's so nice to see that at least one of the Receivers (Liquidators) are doing their job and doing it well. Thank you Grant Thronton for all your hard work on behalf of the victims, you have brought new hope to many of us.
SiVC
RE: Andrea Stoelker SDC Power of Attorney Revoked
Hmm
Liquidate now
JP Farnsworth
De Real Observer
Osbert R. Frederick
RE: Andrea Stoelker SDC Power of Attorney Revoked
Skyewill
RE: Andrea Stoelker SDC Power of Attorney Revoked
Pellucid
RE: Andrea Stoelker SDC Power of Attorney Revoked
Like a Mafia boss, in the US, he is still free to control his minions in Antigua.
GoodJobBob
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