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,...
To view the full article, register now.

Documents

Related

Sections

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

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.