 Stanford moved to the Caribbean in the 1980s, first to Montserrat, then to Antigua.With Stanford Finance, he started Guardian International Bank on the island of Montserrat in 1985; he moved it to Antigua during a British crackdown on Montserrat's offshore-banking industry in the 1980s, renaming it Stanford International Bank, an affiliate of Stanford Financial.Early in 2007, Stanford and Baldwin Spencer, prime minister of Antigua and Barbuda and formerly an ally, began verbally feuding in public.