Friday, February 20, 2009

Clarence Town


Our arrival at the docks in Clarence Town at the Flying Fish Marina went smooth as butter. A slight westerly wind helped us steer the Adamo through an S turn past the breakwater and around the fuel dock into our slip. Maneuvering a 48’ foot, 55,000 lbs boat with only one engine and no bow thruster can become problematic in tight spaces if the wind is blowing the wrong way. Once at the dock Susan started doing laundry right away. I think she must have washed everything on aboard that was made of fabric, including clothes, sheets, comforters, rugs, rags, and bath and kitchen towels. The washer/dryer was running nonstop for two days. Shore power is a wonderful thing.

We thought we were only going to spend one day at the dock, but the 25 knot winds from the cold front that passed through on our first night in the marina, kept us there for two days. Even the larger twin-engine powerboats with bow thrusters were pinned to the dock.

Here’s the Captain and his new friend “Happy” chilling on the dock.


We were able to get an Internet connection, so we checked on our emails. Susan’s mom had copied me on an article about Allen Stanford and his $8 billion investment fraud. Stanford was the company I interviewed with in Antigua in November 2008. The facilities there were phenomenal and the show they put on was impressive. But while I was interviewing with the president of the bank, things were already in motion by the SEC. I commented to the recruiter after my interview that the president seemed a little distracted and was just going through the motions. I now suspect that while I was talking about my resume, he was thinking about how things were beginning to crumble around him. The pressure on him had to have been intense, but when you’re in that situation, you have to keep up the front. What a nightmare.

In retrospect, things are clear that something must have been wrong there. They used to fly clients in on the Stanford jet to Antigua. In the corporate hanger, a custom’s official would clear the client into the country where a limousine would then bring them past the new Stanford cricket stadium right in the middle of the airport grounds. The various Stanford subsidiaries had architectural masterpieces built among manicured grounds reminiscent of Boca Raton. There the clients would be wined and dined at the pool overlooking the cricket field in Stanford’s posh private club. Stanford International Bank was offering CD’s earning more than 10% per year. It was just too good to be true. Once the bank got the clients’ assets, the money would go into the “black box” that only Allen Stanford, his college roommate and the chief investment officer (who had no financial background experience) had access too. Incredible! Now investors cannot redeem their CD’s and the Bank has been placed in receivership. No one really knows how much money is left. The whereabouts of Stanford and his cronies is not known at this time.

After being on the dock for 2 days we moved to the anchorage and are waiting on the waves to subside. It is surprising how calm the anchorage is with the raging seas just beyond the reef.


Phil and I spent the day repairing the bottom of the dinghy on the beach. The hoisting hardware had ripping through the fiberglass, which caused a problem getting it up on the davits. Phil found some hammocks under palm trees and split a coconut while we waited for the fiberglass to setup. Later in the day, we brought Susan back to our find and hung out with fresh fruit rum drinks Phillip had fixed for us.

Unfortunately, one of the hammocks ripped and I went crashing to the ground with my short-lived rum drink landing all over me. Phil and Susan thought it was a riot. I was a little perturbed. Luckily, Phil had packed a cooler with refills and ice. What a good boy!