From: WSJ.com: Law Blog
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.
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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...
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."
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.
Convicted Ponzi-Schemer Madoff To Learn Fate Monday
Convicted Ponzi-scheme operator Bernard Madoff will learn Monday
morning whether he'll spend the rest of his life behind bars for
running a decades-long swindle that bilked thousands of investors
out of billions of dollars. Madoff, who admitted in March to
orchestrating one of the largest and longest-running white-collar
frauds in recent memory, is set to be sentenced at a hearing before
U.S. District Judge Denny Chin in Manhattan at 10 a.m. EDT Monday.
Prosecutors from the U.S. Attorney's office in Manhattan have asked
for the statutory maximum of 150 years or a sentence that will
effectively guarantee the 71-year-old Madoff spends the rest of his
life in prison. "He engaged in wholesale fraud for more than a
generation; his so-called 'investment advisory' business was a
fraud; his fraud...
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.
