WASHINGTON (AP) — The Supreme Court has declined to disturb the conviction of former Texas tycoon R. Allen Stanford on fraud, conspiracy and obstruction charges.
The justices had no comment Monday on their order rejecting Stanford's appeal of his 2012 conviction for running a Ponzi scheme that bilked investors out of $7.2 billion. He was sentenced to 110 years in prison.
Stanford argued that the government deprived him of using his lawyer of choice by unfairly freezing all his global assets, including money untainted by fraud. He also said the government used evidence that was illegally seized by the U.S. Securities and Exchange Commission.
A federal appeals court denied his appeals in 2015.
- Posted November 29, 2016
- Tweet This | Share on Facebook
Appeal of Ponzi scheme conviction rejected
headlines Macomb
headlines National
- Lucy Lang, NY inspector general, has always wanted rules evenly applied
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- 2024 Year in Review: Integrated legal AI and more effective case management
- How to ensure your legal team is well-prepared for the shifting privacy landscape
- Judge denies bid by former Duane Morris partner to stop his wife’s funeral
- Attorney discipline records short of disbarment would be expunged after 8 years under state bar plan
