Stanford Auditor Moves To Quash Subpoena

Law360, New York (April 14, 2011, 9:25 PM EDT) -- The auditor that checked the finances of Robert Allen Stanford's companies filed a bid to quash a records subpoena Thursday in the U.S. Securities and Exchange's Texas lawsuit against the accused $7 billion Ponzi schemer.

Calling it a "fishing expedition," BDO USA LLP, which audited the Stanford entities for 12 years, said the March 1 subpoena was overbroad and unreasonable and that the information requested was not related to the SEC's case, according to the motion filed in the U.S. District Court for the Northern District...
To view the full article, register now.