Stanford Financial has previously claimed to advise $50 billion in assets. Stanford used his status as a billionaire to draw interest in cricket. He sponsored cricket competitions in Antigua and in 2008 held a cricket match where four teams competed for $20 million. Stanford and two senior executives, CFO James Davis and Laura Pendergest-Holt, were named in the suit. The SEC says in its complaint that it couldn’t account for the $8 billion in. assets that were supposed to be in the Antigu bank after issuing subpoenas for bank records.”]
Source: https://www.cuinfosecurity.com/phishing-insidious-threat-to-financial-institutions-a-1217