• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2009 / August / 25 / Fifth Circuit Ruling Keeps Stanford in Prison Pending Trial

Fifth Circuit Ruling Keeps Stanford in Prison Pending Trial

By Securities Docket on August 25, 2009, 10:30 am

stanford230On Monday, the Fifth Circuit Court of Appeals ruled that Allen Stanford will remain in jail until his trial.  The appellate court found that Senior U.S. District Judge David Hittner did 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 was a serious flight risk.  Hittner agreed, citing Stanford’s dual citizenship in the U.S. and the Caribbean island nation of Antigua and Barbuda.

According to the Houston Chronicle, the Fifth Circuit observed that “Stanford has the means, the motive, and the money to flee.”

Read the Houston Chronicle article.

Blog Widget by LinkWithin

Posted in Criminal | Tagged Bail, Prison, Stanford Financial

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.