Stanford Super Series with the Superstars and England. The tournament collapsed following the arrest (and subsequent conviction) of Allen Stanford for an $8 billion fraud, part of which funded the prize money for the Super Series. Allen Stanford proposed emphasizing Twenty20 cricket as a way to promote cricket in the West Indies. He created the Stanford 20/20, a yearly tournament featuring teams from the island nations that made up the West Indies. From the first edition of his tournament in 2006 he aimed to have the best players from his tournament play as a team against an international team. Initially South Africa had
Allen Stanford said that Stanford and his accomplices operated a "massive Ponzi scheme", misappropriating billions of dollars of investors' money and falsifying the Stanford International Bank's records to hide their fraud. "Stanford International Bank's financial statements, including its investment income, are fictional," the SEC said. In an interview on April 20 at the law offices of Houston criminal attorney Dick DeGuerin, Stanford denied any wrongdoing. His companies had been well-run, he claimed, until the SEC "disembowelled" them. On June 18, 2009, Stanford was taken into custody by FBI agents. On June 25, 2009, he appeared in a Houston court and pleaded not