Sydney Morning HeraldTHE accused mastermind of a huge Ponzi scheme, R. Allen Stanford, will not be released from jail before his fraud trial in 2011, a US judge has ruled after reviewing a doctor's report that the financier was close to 'a complete nervous breakdown'.
Lawyers for Mr Stanford, who faces 21 criminal counts for allegedly swindling investors out of more than $US7 billion ($7.9 billion), asked US District Judge David Hittner in Houston to reconsider an earlier ruling denying bail out of concern the defendant might flee"
Lawyers for Mr Stanford, who faces 21 criminal counts for allegedly swindling investors out of more than $US7 billion ($7.9 billion), asked US District Judge David Hittner in Houston to reconsider an earlier ruling denying bail out of concern the defendant might flee"
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