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 Gavin Newsom has filed a massive lawsuit against Fox News. Trumps ends trade talks with Canada. New York Times ranks the best movies of the 21st century. White House rolls with Trump's 'daddy' nickname. Report an error