Marshals Refuse To Arrest Surrendering Stanford

Law360, New York (May 1, 2009, 12:00 AM EDT) -- In an unusual turn of events, federal marshals have refused to take alleged fraudster Robert Allen Stanford into custody, pointing to the fact that no warrant has been issued yet for the billionaire banker's arrest.

Stanford, with lawyer Dick DeGuerin by his side, attempted Thursday to surrender himself to authorities in a move calculated to show that he was ready to face charges from the U.S. Securities and Exchange Commission over an alleged $8 billion Ponzi scheme.

The pair walked from the lawyer's downtown office to...
To view the full article, register now.

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.