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January 18, 2012

Stanford's Competent to Stand Trial, Judge Rules

R. Allen Stanford, allegedly the most notorious Ponzi schemer after Bernie Madoff, will go to trial next week.  A Texas federal judge rejected motions by defense attorneys that Stanford was not competent to stand trial and that they needed more time to prepare for trial.  Stanford has pleaded not guilty to 14 counts of fraud involving bogus high-interest certificates of deposit at Antigua-based Stanford International Bank.  NYTimes, Trial Set for Texas Financier

January 18, 2012 in News Stories | Permalink

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