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Wednesday, December 28

Allen Stanford’s Bid to Delay Trial Denied

Bloomberg: "R. Allen Stanford’s request for more time to prepare to face charges he led a $7 billion investment fraud scheme was denied by the judge who declared him mentally fit for trial. Jury selection will begin in Houston federal court on Jan. 23.
“This case needs to be tried,” U.S. District Judge David Hittner said in an eight-page ruling today. “This trial will decide not just whether Stanford is guilty of the criminal charges, but also whether hundreds of millions of dollars of investor funds currently frozen may be forfeited and returned to his alleged victims.”"
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