,,iii  #aac? ,,congress  #a/ ,session   
,s4 ,,res4 #aj  ,,9 ,,! ,,s5ate ,,( ,,! 
,,unit$ ,,/ates  ,janu>y #bc            
7legislative day1 ,janu>y #c71 #bjac    
,mr4 ,vitt] submitt$ ! foll[+           
resolution2 :i* 0 ref]r$ to ! ,committee
 on ,=eign ,relations  ,,resolution     
,express+ ! s5se ( ! ,s5ate reg>d+ !    
,gov]nm5t ( ,antigua & ,b>buda & its    
actions relat+ to ! ,/an=d ,f9ancial    
,gr\p fraud4  ,:]eas ! ,gov]nm5t (      
,antigua & ,b>buda has committ$ num]\s  
acts aga9/ ! int]e/s ( ,unit$ ,/ates    
citiz5s & op]at$ ! f9ancial sector &    
judicial sy/em ( ,antigua & ,b>buda 9 a 
mann] t is manife/ly contr>y to ! public
 policy ( ! ,unit$ ,/ates2 ,:]eas       
#bj1jjj inve/ors1 includ+ _m ,unit$     
,/ates citiz5s1 lo/ #g1bjj1jjj1jjj 9 an 
alleg$ ,ponzi s*eme involv+ fictiti\s   
c]tificates ( deposit f ,/an=d          
,int]national ,bank1 an (f%ore bank     
*>t]$ 9 ,antigua & ,b>buda2 ,:]eas !    
,gov]nm5t ( ,antigua & ,b>buda violat$ !
 ord] ( ! ,unit$ ,/ates ,di/rict ,c\rt =

 ! ,nor!rn ,di/rict ( ,texas reg>d+ !   
receiv]%ip proce$+ initiat$ at ! reque/ 
( ! ,unit$ ,/ates ,securities & ,ex*ange
 ,commission 7ref]r$ to 9 ?is preamble z
 ! ,securities & ,ex*ange ,commission71 
9 :i* ! c\rt took exclusive control (   
all ! assets own$ by ,all5 ,/an=d &     
,/an=d-affiliat$ entities ar\nd ! _w &  
docum5ts relat+ to ^? assets2 ,:]eas !  
,gov]nm5t ( ,antigua & ,b>buda *all5g$ !
 au?ority ( ! ,unit$ ,/ates ,di/rict    
,c\rt = ! ,nor!rn ,di/rict ( ,texas by--
  7#a7 initiat+ a sep>ate & compet+     
liquidation proce$+ = ,/an=d            
,int]national ,bank2 &  7#b7 appo9t+    
liquidators :o h defi$ ! ord]s ( ! c\rt 
9 multiple jurisdictions ar\nd ! _w by  
litigat+ = control ( hundr$s ( millions 
( doll>s 9 bank acc\nts 9 ! ,unit$      
,k+dom1 ,switz]l&1 & ,canada2  ,:]eas ! 
,gov]nm5t ( ,antigua & ,b>buda *all5g$ !
 au?ority ( ! ,unit$ ,/ates ,dep>tm5t ( 
,ju/ice by seek+ to obta9 control (     
hundr$s ( millions ( doll>s 9 bank      
acc\nts 9 ! ,unit$ ,k+dom1 ,switz]l&1 & 

,canada t _h be5 froz5 at ! reque/ ( !  
,dep>tm5t ( ,ju/ice 9 accordance )      
multilat]al crim9al asset =feiture      
treaties2 ,:]eas ! c\rts ( ,antigua &   
,b>buda h d5i$ recognition ( ! ,unit$   
,/ates di/rict c\rt-appo9t$ receiv] =   
all assets ( ,all5 ,/an=d &             
,/an=d-affiliat$ entities2 ,:]eas !     
,/an=d ,int]national ,bank liquidators  
appo9t$ by ! ,ea/]n ,c>ibbean ,c\rt (   
,appeals n[ seek recognition ( !        
,antigua & ,b>buda liquidation proce$+ z
 a =eign insolv5cy proce$+ "u *apt] #ae 
( title #aa1 ,unit$ ,/ates ,code1 9 !   
,unit$ ,/ates ,di/rict ,c\rt = ! ,nor!rn
 ,di/rict ( ,texas2 ,:]eas ! ,gov]nm5t (
 ,antigua & ,b>buda ackn[l$g$ 9 a       
/atem5t 9 ,m>* #bjaj t--  7#a7 ,/an=d   
,int]national ,bank 0 op]at+ 9 ,antigua 
z a transit po9t & = purposes (         
regi/ration & regulation2 &  7#b7 the   
bus9ess ( ,/an=d ,int]national ,bank1   
,ltd4 0 run f ,h\/on1 ,texas1 & its     
books ma9ta9$ 9 ,memphis1 ,t5nessee2    
,:]eas ,all5 ,/an=d1 ! ,/an=d ,f9ancial 

,gr\p1 & ! ,gov]nm5t ( ,antigua &       
,b>buda enjoy$ a mutually b5eficial     
bus9ess relation%ip involv+ num]\s      
economic developm5t projects & loans to 
! gov]nm5t ( at lea/ #he1jjj1jjj1 &     
=5sic acc\nt+ reports h id5tifi$ ^?     
loans z hav+ be5 made f ,/an=d          
,int]national ,bank c]tificate ( deposit
 funds2 ,:]eas1 9 ,june #bjaj1 !        
,securities & ,ex*ange ,commission      
alleg$ t ,all5 ,/an=d brib$ ,l]oy ,k+1 !
 *ief executive (fic] ( ! ,f9ancial     
,s]vices ,regulatory ,commission (      
,antigua & ,b>buda1 to p]suade ,l]oy ,k+
 to--  7#a7 n inve/igate ,/an=d         
,int]national ,bank2  7#b7 provide ,all5
 ,/an=d ) access to ! confid5tial files 
( ! ,f9ancial ,s]vices ,regulatory      
,commission2  7#c7 all[ ,all5 ,/an=d to 
dictate ! response ( ! ,f9ancial        
,s]vices ,regulatory ,commission to     
inquiries by ! ,securities & ,ex*ange   
,commission ab\t ,/an=d ,int]national   
,bank2 &  7#d7 )hold in=mation f !      
,securities & ,ex*ange ,commission2     

,:]eas1 9 ,june #bjaj1 ! ,unit$ ,/ates  
,dep>tm5t ( ,ju/ice indict$ ,l]oy ,k+ on
 crim9al *>ges & ord]$ ,l]oy ,k+ to be  
extradit$ to ! ,unit$ ,/ates2 ,:]eas !  
,gov]nm5t ( ,antigua & ,b>buda has fail$
 to complete ! process ( extradit+ ,l]oy
 ,k+ to ! ,unit$ ,/ates to /& trial2    
,:]eas ,dr4 ,errol ,cort1 :o s]v$ z !   
,m9i/] ( ,f9ance ( ,antigua & ,b>buda f 
#bjjd to #bjji1 alleg$ly receiv$ m ?an  
#a1jjj1jjj ( fraudul5tly transf]r$      
,/an=d inve/or funds ei!r directly or   
indirectly ?r\gh 8 law firm1 ,cort      
,cort2 ,:]eas ,cort  ,cort1 ! law firm (
 ,dr4 ,errol ,cort1 s]v$ z ! (ficial    
regi/]$ ag5t = ,/an=d ,int]national     
,bank until ,june #bjji2 ,:]eas !       
,gov]nm5t ( ,antigua & ,b>buda1 along ) 
! ,ea/]n ,c>ibbean ,c5tral ,bank--  7#a7
 seiz$ control & possession ( ! ,all5   
,/an=d-own$ ,bank ( ,antigua )\t        
comp5sation to ! ,unit$ ,/ates di/rict  
c\rt-appo9t$ receiv]2  7#b7 r5am$ t bank
 ! ,ea/]n ,c>ibbean ,amalgamat$ ,bank2 &
  7#c7 allocat$ a #dj-p]c5t own]%ip     

position to ! ,gov]nm5t ( ,antigua &    
,b>buda & #fj-p]c5t own]%ip to #e ,ea/]n
 ,c>ibbean ,c5tral ,bank memb] banks2   
,:]eas1 aft] ! fraud t ! ,/an=d         
,f9ancial ,gr\p alleg$ly p]petrat$ 0    
made public1 ! ,gov]nm5t ( ,antigua &   
,b>buda expropriat$ num]\s ,all5        
,/an=d-own$ prop]ties 9 ,antigua &      
,b>buda wor? up to sev]al hundr$ million
 doll>s1 & ! gov]nm5t has n turn$ ov] ^?
 prop]ties to ! ,unit$ ,/ates di/rict   
c\rt-appo9t$ receiv]2 ,:]eas ! ,gov]nm5t
 ( ,antigua & ,b>buda expropriat$ )\t   
comp5sation ! prop]ty kn[n z ! ,half    
,moon ,bay ,resort1 :i* is own$ by a    
gr\p ( #ab ,unit$ ,/ates citiz5s2 &     
,:]eas ! ,gov]nm5t ( ,antigua &         
,b>buda--  7#a7 has s\ght & obta9$ loans
 f ! ,int]national ,bank =              
,recon/ruction & ,developm5t & !        
,int]national ,developm5t ,association  
7commonly kn[n z ! ,_w ,bank7 & !       
,int]national ,monet>y ,fund2 &  7#b7 is
 ! recipi5t ( o!r direct & indirect aid 
f ! ,unit$ ,/ates3 ,n[1 !re=e1 be x  ,t 

x is ! s5se ( ! ,s5ate t--  7#a7        
provision ( all fur!r direct or indirect
 aid or assi/ance1 includ+ assi/ance    
d]iv$ f ,f$]al funds1 by ! ,unit$ ,/ates
 ,gov]nm5t to ! ,gov]nm5t ( ,antigua &  
,b>buda %\ld be susp5d$ until !         
,gov]nm5t ( ,antigua & ,b>buda provides 
complete r$ress ( ! issues describ$ 9 ! 
preamble1 includ+ ?r\gh--  7,a7 ! full  
coop]ation ( ! ,gov]nm5t ( ,antigua &   
,b>buda & any appo9tee ( t gov]nm5t1    
includ+ ! jo9t liquidators ( ,/an=d     
,int]national ,bank1 ) ! ,unit$ ,/ates  
,securities & ,ex*ange ,commission1 !   
,unit$ ,/ates ,dep>tm5t ( ,ju/ice1 !    
,unit$ ,/ates di/rict c\rt-appo9t$      
receiv]1 & ! ,unit$ ,/ates di/rict      
c\rt-appo9t$ ,/an=d ,inve/ors           
,committee1 9 inve/igat+ ! ,/an=d       
,f9ancial ,gr\p fraud & m>%al+ ! assets 
( ,all5 ,/an=d & all ,/an=d-affiliat$   
entities2  7,b7 an agreem5t by !        
,gov]nm5t ( ,antigua & ,b>buda to be    
subject to ! jurisdiction & b\nd by !   
judgm5t ( any ,unit$ ,/ates c\rt t      

adjudicates ! claims relat+ to ! ,/an=d 
,f9ancial ,gr\p fraud2  7,c7 ! transf] (
 ! assets seiz$ by ! ,gov]nm5t (        
,antigua & ,b>buda1 or obta9$ by ! jo9t 
liquidators ( ,/an=d ,int]national      
,bank1 to ! ,unit$ ,/ates di/rict       
c\rt-appo9t$ receiv] = ! b5efit (       
victims ( ! ,/an=d ,f9ancial ,gr\p      
fraud2  7,d7 a contribution by !        
,gov]nm5t ( ,antigua & ,b>buda to !     
,unit$ ,/ates receiv]%ip e/ate = !      
b5efit ( victims ( ! ,/an=d ,f9ancial   
,gr\p fraud1 9 an am\nt equal to ! am\nt
 ( any funds t ,all5 ,/an=d or any      
,/an=d-affiliat$ entity provid$ to !    
,gov]nm5t or gov]nm5t (ficials (        
,antigua & ,b>buda2  7,e7 a contribution
 by ! ,gov]nm5t ( ,antigua & ,b>buda to 
! ,unit$ ,/ates receiv]%ip e/ate = !    
b5efit ( victims ( ! ,/an=d ,f9ancial   
,gr\p fraud1 9 an am\nt equal to any    
paym5ts t ,all5 ,/an=d or ! ,/an=d      
,f9ancial ,gr\p made to ,l]oy ,k+ or any
 o!r (ficial ( ! ,gov]nm5t ( ,antigua & 
,b>buda = ! purpose ( subv]t+ regulatory

 ov]sight ( ,/an=d ,int]national ,bank2 
7,f7 ! fulfillm5t by ! ,gov]nm5t (      
,antigua & ,b>buda ( its obligations    
relat+ to ! expropriation ( ! ,half     
,moon ,bay ,resort2 &  7,g7 an agreem5t 
by ! ,gov]nm5t ( ,antigua & ,b>buda to  
n--  7i7 int]f]e ) ! receiv]%ip comm5c$ 
by ! ,unit$ ,/ates ,gov]nm5t2 &  7ii7   
seek control ( assets claim$ by ! ,unit$
 ,/ates ,gov]nm5t2 &  7#b7 ! ,secret>y (
 ! ,treasury %\ld direct ! ,unit$ ,/ates
 ,executive ,directors ( ! ,int]national
 ,bank = ,recon/ruction & ,developm5t & 
! ,int]national ,developm5t ,association
 7commonly kn[n z ! ,_w ,bank7 & !      
,int]national ,monet>y ,fund to use !   
voice & vote ( ! ,unit$ ,/ates to ensure
 t any future loan made by ! ,_w ,bank  
or ! ,int]national ,monet>y ,fund to !  
,gov]nm5t ( ,antigua & ,b>buda is       
condition$ on provid+ complete r$ress ( 
! matt]s1 & satisfaction ( !            
requirem5ts1 describ$ "u p>agraph 7#a74