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Judge Rules Stanford Must Await Trial In Jail

Law360, New York (June 30, 2009) -- A federal judge has ruled that billionaire financier Robert Allen Stanford must stay in jail until he stands trial for allegedly running a $7 billion Ponzi scheme, reversing an order last week that granted Stanford release on a $500,000 bail.

Judge David Hittner of the U.S. District Court for the Southern District of Texas ruled Tuesday that Stanford would be likely to flee the country if released....

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