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Embattled Stanford Indicted, Surrenders
From: WSJ.com: Law Blog
Alas, the other shoe has dropped. Allen Stanford, who for months has been battling a high-profile civil lawsuit with the SEC, was indicted Thursday and charged with orchestrating fraud through his Caribbean-based firm, Stanford Financial Group.
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Judge Denies Stanford's Request for Daily Visits to Lawyer's Office to Prepare for Hearing
R. Allen Stanford really, really wants out of federal custody, but a Texas federal judge has turned down his latest request. Stanford asked to be released daily to U.S. marshals' custody so he could go to his defense attorney's office to prepare for an Aug. 24 hearing in a suit that will decide if insurance companies holding Stanford Financial Group policies should provide coverage to Stanford and three other executives indicted in connection with an alleged $7 billion fraud.
More | Law.com - Newswire
Miami law firm eyed in Stanford scandal
A Miami law firm allegedly helped jailed financier R. Allen Stanford establish an unregulated money pipeline to Antigua, The Miami Herald reported Sunday.The newspaper said in 1998 the firm of Greenberg Traurig helped Stanford, who is charged with running a $7 billion Ponzi scheme, in create a pipeline between Miami and Antigua that became a cornerstone of Stanford's banking empire. That relationship has reportedly been targeted by a court-appointed receiver that is trying to recover money for Stanford's alleged victims.The Herald said Greenberg Traurig helped Stanford set up a special trust office in Miami that could move millions of dollars overseas without having to report anything to the government.The firm also allegedly helped Stanford institute changes in Antigua's banking system af...
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The Stanford and Madoff Cases: An Early Comparison
Wayne State law professor and LB contributor Peter Henning has looked over the indictments filed on Friday in the Allen Stanford matter. Below he shares his thoughts on how the allegations against Stanford compare to those lodged against Bernie Madoff, who in March pleaded guilty to crimes surrounding a massive Ponzi scheme.
More | WSJ.com: Law Blog
Judge Nixes Motion to Disqualify Akin Gump in Allen Stanford Insurance Suit
Texas federal Judge Nancy Atlas on Friday denied R. Allen Stanford's motion to disqualify Akin Gump from representing the defendants in Stanford's insurance coverage suit. Atlas wrote that she is "sensitive" to preventing conflicts of interest but added that Stanford had "failed to satisfy his burden to demonstrate he personally was a former client of Akin Gump and has also waived any alleged conflict that may have existed."
More | Law.com - Newswire
Texas Prison is Technology Vortex, Allen Stanford Says
Can we even remember life before computers? Robert Allen Stanford, accused of running a massive Ponzi scheme and held in federal prison in Texas, has been forced to do so, and he doesn't like it.

More | WSJ.com: Law Blog
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