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Stanford Blocked From $90M Defense Stash

Law360, New York (September 30, 2009) -- The receiver in charge of the estate of alleged Ponzi artist Robert Allen Stanford has successfully blocked the financier's attempts in a British court to secure up to $90 million in insurance funds set aside to pay legal expenses, various media outlets reported Wednesday.

Ralph S. Janvey filed a motion in the U.S. District Court for the Northern District of Texas Sept. 27 to enjoin efforts by Stanford's lawyers to access the funds through...

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