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
- Macomb County Meals on Wheels in urgent need of volunteers ahead of holiday season
- MDHHS hosting three, free virtual baby showers in November and December for new or expecting families
- MDHHS secures nearly 100 new juvenile justice placements through partnerships with local communities and providers
- MDHHS seeking proposals for student internship stipend program to enhance behavioral health workforce
- ABA webinar November 30 to explore the state of civil legal aid in America
headlines National
- Protecting Attorney-Client Relationships: ABA advocacy helps safeguard the right to effective assistance of counsel
- Did ‘corporate speak’ and PowerPoint lead to complacency at GM?
- Ex-employee sues Sheppard Mullin over cyberattack exposing sensitive personal data
- Ropes & Gray allows more attorneys to count AI testing toward billable hours
- Plaintiff who filed fraudulent case, trashed desktop computer hit with sanctions
- Man who threatened Supreme Court justices avoids prison time
