Supreme Court Won't Take Up Stanford Ponzi Case

Law360, New York (January 13, 2012, 7:10 PM EST) -- The U.S. Supreme Court on Friday refused to review alleged Ponzi schemer R. Allen Stanford's case, which defense lawyers say has been compromised by Stanford's mental state, while a Texas federal judge declined to dismiss the case or allow Stanford's lawyers to withdraw before the upcoming trial.

Stanford, who is accused of orchestrating a $7 billion fraud scheme and who suffered a brain injury while incarcerated, petitioned for a writ of certiorari Thursday, which the high court denied Friday.

Later in the day, U.S. District Judge...
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