Sven Mathura from patriot

Venezuela Bars Stanford Bank Directors From Leaving (Update1)
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By Daniel Cancel
Feb. 20 (Bloomberg) -- A Venezuelan court prohibited the directors of Stanford Bank Venezuela SA from leaving the country after the government took control of the bank yesterday.
The commercial bank is owned by R. Allen Stanford, who this week was accused by the U.S. Securities and Exchange Commission of defrauding investors through the sale of certificates of deposit from an Antigua-based bank.
Eight directors from Stanford Bank Venezuela SA will be prohibited from traveling abroad while regulators complete their investigation, according to an e-mailed statement from the office of Attorney General Luisa Ortega Diaz. Venezuela’s banking superintendent took control of the bank after the company was forced to use 75 million bolivars ($34.9 million) of its reserves to cover withdrawals.
Stanford’s Venezuelan bank has seen “massive” withdrawals and was beginning to have liquidity problems after the SEC accused the Texas billionaire of running an $8 billion fraud through his group of companies, Venezuelan Finance Minister Ali Rodriguez told reporters yesterday.
Rodriguez said the local bank was being affected by external factors and that it was financially healthy.
Venezuelan clients of Stanford Group Venezuela Asesores de Inversion CA, a company that is separate from the Stanford-owned bank, may have bought as much as $3 billion in investments from the Stanford bank in Antigua.
Stanford Bank Venezuela will be auctioned “soon,” Rodriguez said.
To contact the reporter on this story: Daniel Cancel in Caracas at dcancel@bloomberg.net. anyone know Sven Mathura from patriot? he tried to recruit me to his network of companies, when I told him that I don't do business with his type and the companies that advertise on their sites moving.bz firstlocal and so... he acted all surprised and said that they scan all of the companies... bulls### this is taken from the contract he emailed me first "1stLocalMoverDirectory.com reserves the right to reject, cancel or remove any advertisement (and any url link therein) deemed inappropriate at any time in its sole discretion" I don't think they ever rejected anyone... more from his email: How is bussiness .
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