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FOX Business Video: Stanford Lawyer Permitted to Withdraw, Leaving Him With Public Defender
Allen Stanford was back in court today on his attorney’s motion to withdraw as counsel.
UK: SFO Reveals Asset Freeze on $100 Million of Stanford’s Assets
The UK’s Serious Fraud Office disclosed today that it has frozen $100 million worth of assets linked to Allen Stanford. The restraining order freezing the assets was requested by the US Department of Justice on more than $100 million “believed to be held at certain London financial institutions,” the Times Online reports. The SFO said [...]
Step 1: Obtain $2.8 Billion Judgment; Step 2: Seek Asset Freeze
On Friday, attorneys for HealthSouth shareholders asked Alabama Circuit Judge Allwin E. Horn to freeze the assets of former HealthSouth CEO Richard Scrushy, against whom they obtained a massive nearly $2.9 billion judgment last week. One of the attorneys acknowledged that there was no expectation of getting the full judgment from Scrushy, but said that [...]
SEC Opposes Stanford’s Motion to Unfreeze $10 Million for Legal Fees
In late April, following the SEC successfully obtaining a Preliminary Injunction freezing his assets, R. Allen Stanford’s moved to modify the Preliminary Injunction Order to permit him access to $10 million of the frozen funds to pay attorneys’ fees. Today the SEC filed an Opposition to that motion, arguing that Stanford is not entitled [...]
Appeal of SEC’s Freeze of UK Citizen’s Assets Dismissed by UK Court
The SEC announced on Wednesday that the Supreme Court of Judicature Court of Appeal in the United Kingdom dismissed the appeal of Glenn Manterfield, a UK citizen, of an order by a British court freezing Manterfield’s assets. The High Court of Justice in London had previously issued the order freezing assets held in the United [...]