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Jurors still deliberating in Stanford fraud trial

March 2, 2012 11:04 AM

HOUSTON (AP) - A federal jury has resumed deliberating the fate of jailed Texas tycoon R. Allen Stanford on charges he bilked $7 billion from investors in a massive Ponzi scheme. Jurors in the financier's fraud trial in Houston continued deliberating Friday. The panel began deliberations Wednesday. If the jury... more »
Defense attorney: Stanford never cheated anyone

March 1, 2012 5:57 AM

HOUSTON (AP) - Texas tycoon R. Allen Stanford flushed away billions of investor funds on a "lavish lifestyle and his loser companies" as part of a massive Ponzi scheme that spanned two decades, a prosecutor told jurors Wednesday. But defense attorneys countered during closing arguments in Stanford's fraud trial, saying... more »
Lawyer: Evidence illegally gathered against Cloutier

November 11, 2009 11:39 AM

LAFAYETTE, La. (AP) - The attorney for Lafayette businessman is claiming the evidence against Eric Cloutier in a racketeering and money-laundering case was gathered without a valid search warrant. Attorney Daniel Stanford filed three motions asking a judge to suppress evidence against Cloutier. A hearing is set for Thursday. The... more »