Sir Allen, whose whereabouts was still unknown to investigators last night, was reported by CNBC to have attempted to hire a private jet in Houston to fly to Antigua, where his offshore Stanford International Bank is based.
The US Securities and Exchange Commission accused Sir Allen on Tuesday of operating an alleged $8bn scheme involving certificates of deposits sold through SIB that allegedly promised “improbable and unsubstantiated high interest rates”.
In Antigua, the authorities attempted to calm locals who lined up at the Bank of Antigua in St John's to demand their money. Bank of Antigua is part of Sir Allen's financial empire on the island but it does not figure in the SEC's complaint.
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