Stanford receiver calls on Camerons

CMS Cameron McKenna is advising the receivers of two Antiguan companies owned by Texan billionaire Allen Stanford.

The Financial Services ­Regulatory Commission of Antigua and Barbuda called in Vantis client partners Nigel Hamilton-Smith and Peter Wastell as joint receivers of Stanford International Bank and Stanford Trust Company last week.

Vantis has appointed Camerons banking partner Peter Wiltshire to advise on the receivership. The US Securities and Exchange Commission has charged Stanford with ­committing a “massive and ongoing fraud” using ­certificates of deposit that
paid above-­average interest.