Stanford Must Stay Behind Bars Until Trial: 5th Circ.

Law360, New York (February 19, 2010, 1:07 PM EST) -- Robert Allen Stanford, the former chairman of Antigua-based Stanford International Bank accused of orchestrating an $8 billion Ponzi scheme, will remain behind bars until his criminal trial, following a federal appeals court's decision to uphold for the second time a denial of bail for the alleged fraudster.

The U.S. Court of Appeals for the Fifth Circuit on Wednesday rejected Stanford's attempt to get out of prison. Stanford argued that he had arranged for armed guards to ensure his appearance at court, which he said was new...
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.