SEC Balks As Stanford Tries To Fight Civil Case Again

Law360, New York (April 9, 2013, 7:50 PM EDT) -- The U.S. Securities and Exchange Commission urged a federal judge in Texas on Monday to ignore a request from Robert Allen Stanford, who was convicted of securities fraud in a $7 billion Ponzi scheme, to challenge the validity of the civil case against him and deliver a judgment in the agency's favor.

Stanford had argued that since he didn't get a full and fair opportunity to defend himself in his criminal trial that led to his conviction and March 2012 sentencing to 110 years in prison,...
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