Money | Robert Allen Stanford Stanford Bank in Antigua Missing $8B 'It appears to be a Ponzi scheme,' investigator says By Nick McMaster Posted Feb 22, 2009 5:03 PM CST Copied In this Feb. 19, 2009 file photo, customers of Stanford Bank walk outside one of its offices in Caracas, Venezuela. (AP Photo/Carlos Hernandez, File) Investigators rummaging around Allen Stanford's Antiguan bank have confirmed media reports that $8 billion is missing, the Times of London reports. “The $8 billion you hear about in the media isn’t there,” one official told customers outside the Stanford International Bank. "It appears to be a Ponzi scheme.” "We will be tracking the money in overseas banks, find a million in one, track another million to another bank,” the investigator said. “But there is nothing like $8 billion here." Read These Next The Air Force has changed its tune on Ashli Babbitt. Details trickle out on 2 more victims of the Minneapolis shooting. Open that wallet big time for a trip to Disney, if you can afford it. A 'tense' clash with RFK Jr. led to CDC chief's trouble. Report an error