We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Stanford Won’t Cooperate With SEC $8B Ponzi Probe

Law360 (March 11, 2009, 12:00 AM EDT) -- Billionaire banker Robert Allen Stanford is reportedly refusing to cooperate with the U.S. Securities and Exchange Commission in its ongoing investigation of an $8 billion investment fraud scheme he is accused of orchestrating.

Citing his Fifth Amendment rights, Stanford said he would not incriminate himself or testify in the investigation, according to court documents obtained by the Associated Press.

"I hereby ... decline to testify or provide an accounting, and will continue to decline to testify, provide an accounting or produce any documents related to the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.