Stanford International Bank was a financial institution based in Antigua and Barbuda, established by Allen Stanford in 1986. It offered various banking services, including certificates of deposit, investment accounts, and wealth management. The bank attracted clients with high-interest rates and promises of secure investments. In 2009, Stanford International Bank became embroiled in a massive fraud scandal, leading to its closure by U.S. regulators. Investigations revealed that the bank was part of a Ponzi scheme, defrauding investors of approximately $7 billion. The case highlighted significant regulatory failures and resulted in legal actions against Allen Stanford and other associates.