Feds Seek To Revoke Bail For Ponzi Suspect Stinson

Law360, New York (April 13, 2011, 5:41 PM EDT) -- Prosecutors accusing Robert Stinson Jr. of running a $17 million Ponzi scheme asked a judge to revoke the real estate impresario's $100,000 bail Monday, telling a Pennsylvania federal judge that Stinson has blatantly flouted the terms of his release.

Since he was indicted on Nov. 4 on charges of wire fraud, money laundering, obstruction of justice and other charges, prosecutors told Judge Michael M. Baylson of the U.S. District Court for the Eastern District of Pennsylvania, Stinson has sought to obstruct the U.S. Securities and Exchange...
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