5th Circ. Orders Stanford Detained For 3rd Time

Law360, New York (September 27, 2010, 7:43 PM EDT) -- An appeals court has shot down accused Ponzi schemer Robert Allen Stanford’s third bid to overturn an order requiring him to remain in jail until his trial next year.

A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit ruled Monday that Stanford, who stands accused of masterminding an $8 billion Ponzi scheme, failed to show that his continued detention violated his constitutionally protected rights to due process and effective counsel.

According to the court, Stanford cited no precedent establishing that the length...
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