Wednesday, 26 January 2011

Supreme Court Nixes Allen Stanford Request To Review Case

Source: TPMMuckraker


The Supreme Court has denied the alleged Ponzi-schemer Allen Stanford's request for writ of certiorari, according to a letter filed by a court clerk last week. Stanford's previous legal team had requested the high court direct the lower court send the record in the case for review.

Lawyers for Stanford are awaiting a judge's decision on their request for Stanford to be released from federal custody and admitted to a rehabilitation program to treat his addicted to an anti-anxiety medication.

Meanwhile, several of those allegedly defrauded by Stanford say they plan to have a Massachusetts lawyer to sue the federal government for failing to take timely regulatory action against Stanford.

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