Public Defender To Rep Stanford In Fraud Case

Law360, New York (September 15, 2009, 6:02 PM EDT) -- After shuffling through several counsel changes, former billionaire and accused fraudster Robert Allen Stanford will now be represented by a public defender against charges that he masterminded a $7 billion Ponzi scheme.

Michael Sokolow, an assistant federal public defender in Houston, filed a notice of appearance signifying his representation of Stanford on Tuesday in the U.S. District Court for the Southern District of Texas.

The question of legal counsel for Stanford has been a sticking point in the proceedings.

Last month, his former lawyer, Dick DeGuerin...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.