Stanford Blocked From $90M Defense Stash

Law360, New York (September 30, 2009, 6:10 PM EDT) -- 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 an emergency application with the English High Court of Justice, Chancery Division,...
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