Word: antigua
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Starting in 2000, the IRS went after records from American Express, MasterCard and Visa to track the spending of U.S. citizens using credit cards issued in Antigua, the Bahamas and the Cayman Islands, leading to hundreds of audits and criminal investigations. In a landmark 2005 case, the accounting firm KPMG admitted its employees had criminally generated at least $11 billion in phony tax losses, often routed through the Cayman Islands, which cost the U.S. $2.5 billion in tax revenue...
...sport could be more American is if a big Texas tycoon were bankrolling it. Oh, have you met Allen Stanford? The wealth-management billionaire from Mexia, Texas, is forking out $20 million in prize money for a single winner-take-all game in his adopted home of Antigua on Nov. 1. It is far and away the largest purse for any team sport, and Stanford, 58, is betting the match will attract a TV audience of 700 million. His primary motivation is to revive cricket's fading fortunes in the Caribbean, but he's also hoping it will stir...
Stanford, who fell in love with cricket when he moved to Antigua in the 1980s, radiates the enthusiasm of a convert. His eyes light up and his hands flail as he re-enacts a favorite moment from a recent game--even though he lapses into baseball lingo (line drives and home runs) to describe the play. He lovingly describes the new cricket stadium he has built in Antigua, complete with an American-style hall of fame. He revels in dropping the names of Caribbean cricket stars he now counts as his friends. But his spending on Twenty20 is not just...
...draws. The sport's heaviest hitters are in India and Pakistan, which have giant home markets and powerful teams. Outside of the Indian subcontinent, cricket's strongest franchise is Australia, which dominates test cricket and other forms of the sport. With no Indians, Pakistanis or Australians on display in Antigua, it will be a bit like having the Minnesota Twins and the Pittsburgh Pirates play for baseball's largest purse: great for their fans, but who else would bother to watch...
...year-old man named Isaac Royall established a sugarcane plantation on the island of Antigua in the West Indies. Royall made much of his fortune from the Atlantic Triangle Trade, which dealt in sugar, rum, and slaves...