* Antiguan liquidators could hinder tax collection-IRS
* IRS says some computer records already spoiled
By Anna Driver
HOUSTON, May 11 The Internal Revenue Service
said on Monday that Antiguan liquidators seeking U.S. court
authority over Allen Stanford's offshore bank may hinder the
agency's attempts to collect $227 million in back taxes from
the billionaire who faces civil fraud charges.
The IRS, which is a party in the $8 billion fraud case
against Stanford, argued in court papers filed in U.S. District
Court in Dallas on Monday that the Antigua liquidators had
already spoiled computer records from the bank's Canadian
"Second, a tribunal in Antigua, with its reputation as a
tax haven country that promotes financial secrecy, may not
divulge the financial records of Stanford International Bank
sought by the IRS," the court filing said.
Nigel Hamilton-Smith and Peter Wastell are liquidators
appointed by an Antiguan court. The men are at odds with U.S.
receiver Ralph Janvey over who should have jurisdiction over
Stanford International Bank Ltd, the institution at the heart
of the case.
Hamilton-Smith and Wastell said in April that they had
received approval from an Antiguan court to liquidate the
offshore bank. At the time, the pair said the bank was deep in
the red, with far more liabilities than assets.
A UK-based spokeswoman for the the Antigua liquidators did
not have an immediate comment.
Stanford and two other executives are accused of a massive
fraud by the U.S. Securities and Exchange Commission. In the
alleged scheme, earlier investors in the offshore bank's
certificates of deposit were paid with funds from later
investors in what the SEC described as a Ponzi scheme.
Stanford, who does not face criminal charges but said he
expects to be indicted, has repeatedly denied any wrongdoing.
The case is Securities and Exchange Commission vs. Stanford
International Bank Ltd et al 3:09-CV-298 in U.S. District Court
(Reporting by Anna Driver; Editing by Lisa Von Ahn)