Stanford Defense Atty Begs Judge For Cash

Law360, New York (July 7, 2011, 8:59 PM EDT) -- Robert Allen Stanford's attorney told a Texas federal judge on Wednesday that for his client to properly defend against a civil suit over Ponzi scheme allegations, he needs money to hire accountants who can make a case for unfreezing some assets.

Right now, Stanford's personal assets are frozen because the receiver handling the collapse of his bank has linked his money to his alleged scheme. With no assets, though, Stanford has no money he can use to find any untainted money, attorney Stephen R. Cochell wrote...
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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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