Antiguans expressed shock prime minister said it could be "catastrophic" for the nation.

Antiguans expressed shock on Tuesday at news their top investor, the Texas billionaire Allen Stanford, was charged with "massive" fraud, and their prime minister said it could be "catastrophic" for the nation."The fall-out threatens catastrophic and immediate consequences," Baldwin Spencer, the leader of the tiny twin-island state of Antigua and Barbuda said in a televised address. "There is no need for panic."