Stanford financial fallout

Stanford associate accuses ECB of 'naivety'

Cricinfo staff

February 19, 2009

Text size: A | A

It seems so long ago ... Allen Stanford and Giles Clarke in happier times © Getty Images
ECB chairman Giles Clarke's assertion two days ago that the board "carried out due diligence prior to making their long-term agreement with Stanford" will come under renewed scrutiny after a former associate of the billionaire accused it of "naivety".

John Fuller, an Antiguan lawyer who worked with Stanford, told the BBC that anyone wanting to look into his former associate's background "wouldn't have to dig very far to raise concerns".

"His bank were offering interest rates which were much higher than anyone else. He didn't have any apparent income [in Antigua] other than a small amount of money from two restaurants he has and a health spa. He was spending a lot of money on land, private jets and cricket. But the income was not visible. It gave rise to concerns among many of us here.

"It would have been very, very easy [to raise concerns]. All you would have needed to do is talk to a banker here, or any of the leading accounting firms or law firms who don't represent him. You would have come to the conclusion, 'I wonder if we should be associated with this person'?"

In another interview with the BBC, international fraud expert Jeffrey Robinson claimed that suspicions about Stanford could be traced back to the mid 1990s. "I know, personally, because I have discussed it with them, a number of law enforcement agencies in the United States, plus a number of prosecutors who have been looking at Mr Stanford for the past 15 years," he said.

Fuller and Robinson's remarks will fuel increasing pressure on Clarke and ECB chief executive David Collier. The pair have been almost universally condemned in the media, but they appear to retain the support of the majority of the counties.

© ESPN Sports Media Ltd.

Email Feedback Print
ESPNcricinfo staffClose
Country Fixtures Country Results
Derbyshire v Worcs at Derby - Aug 31-Sep 3
Derbyshire 356 Worcs 221/6
Durham v Notts at Chester-le-Street - Aug 31-Sep 3
Durham 253 & 196/7 Notts 188
Hampshire v Leics at Southampton - Aug 31-Sep 3
Leics 303 Hampshire 48/0
Kent v Glamorgan at Canterbury - Aug 31-Sep 3
Glamorgan 329 Kent 205/4
Lancashire v Yorkshire at Manchester - Aug 31-Sep 3
Lancashire 278 Yorkshire 396/5
Middlesex v Warwickshire at Lord's - Aug 31-Sep 3
Warwickshire 362/8d
Somerset v Northants at Taunton - Aug 31-Sep 3
Somerset 314 Northants 135/4
Surrey v NZ A at The Oval - Aug 31-Sep 2
Surrey 101 & 72/3 NZ A 211
1st T20I: Eng Women v SA Women at Chelmsford - Sep 1
Eng Women won by 9 wickets (with 39 balls remaining)
Complete fixtures » | Download Fixtures »
News | Features Last 3 days
News | Features Last 3 days