Stanford Attorney Wants SEC Case Put On Hold

Law360, New York (June 17, 2011, 4:05 PM EDT) -- Alleged Ponzi schemer Robert Allen Stanford's attorney asked a Texas federal court on Thursday to delay an evidentiary hearing in a civil suit because Stanford is not competent to stand trial and the government won't release funds to pay for his defense.

Stanford, the alleged architect of a $7 billion Ponzi scheme, has been found mentally unfit to stand trial in a separate criminal proceeding, where his attorneys have moved for a stay because Stanford is incompetent and won't help them prepare his defense. He pled...
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Case Information

Case Title

Securities and Exchange Commission v. Stanford International Bank Ltd et al


Case Number

3:09-cv-00298

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

David C Godbey

Date Filed

February 17, 2009

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