This afternoon, U.S. District Judge David Hittner revoked bond for Allen Stanford, granting a request by prosecutors to overturn a magistrate judge’s opinion last week to allow Stanford to go free on $500,000 bond pending his trial.
As previously discussed here, U.S. prosecutors argued that Stanford is a serious flight risk, and that international ties make him a serious flight risk. The AP reports that “Stanford holds dual U.S. and Antiguan citizenship, has an international network of wealthy acquaintances who would help him and possibly access to vast wealth hidden around the world.”
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[...] not abuse his discretion when he refused to let Stanford go free on bail. As previously discussed here, on June 30, 2009, Judge Hittner revoked bond for Stanford after prosecutors argued that Stanford [...]