Allen Stanford Indies all-star XI, with a total prize fund of £12.27 million (US$20 million) to be awarded to the team that won the Championship. It was the largest prize ever offered to a team for a single tournament. This was in jeopardy after a row with Digicel, the sponsors of the West Indies cricket team, who were unhappy about sponsorship of the event. Eventually, the dispute was sorted out and the championship was won by Stanford Superstars, who defeated the England team by 10 wickets. On February 17, 2009, when news of the fraud investigation became public, the ECB and WICB
Allen Stanford civil legal papers filed by the SEC. The SEC often files civil charges before criminal charges are filed. Stanford was arrested on June 18, 2009. He surrendered his passport to federal prosecutors, and hired criminal defense lawyer Brendan Sullivan, who had represented Oliver North. Various governments took over Stanford's business operations. The Eastern Caribbean Central Bank announced that it had taken over the local operations of the Bank of Antigua, which was renamed the Eastern Caribbean Amalgamated Bank. The Venezuelan government took over Stanford Bank Venezuela, the branch of Stanford's bank in that nation. On February 27, 2009, the SEC