Bloomberg.com: "Stanford, 59, in handcuffs and wearing an orange prison- issued jumpsuit, entered his plea yesterday before U.S. Magistrate Judge Frances Stacy in Houston. Stacy set bail at $500,000 and required the Texas financier to post a $100,000 deposit in cash. Stanford was returned to jail, at least for the night, to allow prosecutors to file an appeal.
Stanford’s lawyer, Dick DeGuerin, said in an interview that his client will likely remain in custody until at least today, because it will take time to gather the cash bond, which Stacy said must be contributed by friends and family and not drawn from Stanford’s funds."
Stanford’s lawyer, Dick DeGuerin, said in an interview that his client will likely remain in custody until at least today, because it will take time to gather the cash bond, which Stacy said must be contributed by friends and family and not drawn from Stanford’s funds."
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