A court hearing on the 11th of April will determine whether Brian Stuart Young will be imprisoned for contempt of court.
The prominent banker is at the center of an extensive financeial dispute with businessman Jack Stroll, who has been clamoring for his money. US$10 Million to be more precise.
According to court documents, as of February 28, 2025, Stuart-Young has been found in contempt of court, with crucial hearings scheduled for next week.
The court will not only address the continued non-payment of Jack Stroll, but will also determine whether the banker faces prison time for flouting judicial orders.
Senior Counsel Anthony Astaphan, not speaking directly to the issue, said jail time is a possibility for anyone found in contempt of the court. He said that an individual could also be fined or both.
A November 2022 court decision mandated Stuart-Young and his institution, Global Bank of Commerce, to repay approximately US$10 million to Stroll. To date, the owed amount remains unpaid, raising significant concerns among stakeholders in the financial sector and the public at large.
Meanwhile, Stroll told Antigua.news that records related to the case have been sealed, limiting his ability to discuss the proceedings and raising questions about transparency.
The Antigua Financial Regulatory and Supervisory Commission (FRSC) headed by Paul Ashe remained conspicuously silent amidst escalating concerns regarding the Global Bank of Commerce and allegations of mismanagement affecting numerous investors.
