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Prosecutor: Foreign ties make Stanford flight risk

Prosecutor: Foreign ties make Stanford flight risk

Prosecutors say financier R. Allen Stanford's bond should be revoked because his international ties make him a serious flight risk.
Prosecutors asked a federal judge Monday to revoke an order granting Stanford a $500,000 bond pending his trial on charges that he swindled investors out of $7 billion.
Prosecutor Gregg Costa said that unlike defendants in other high profile fraud cases who were released on bond, including former Enron Corp. executives Jeffrey Skilling and Ken Lay, Stanford holds dual U.S. and Antiguan citizenship and his primary home is outside the United States.
But Dick DeGuerin, Stanford's attorney, says his client is now living in Houston and plans to fight the charges against him.


Updated : 2021-05-12 11:23 GMT+08:00