Jury selection begins in Stanford fraud trial

The Associated Press on January 23, 2012 released the following:

“By JUAN A. LOZANO
Associated Press

HOUSTON (AP) — Jury selection has begun in the oft-delayed trial of jailed Texas financier R. Allen Stanford, who is accused of bilking investors out of $7 billion in a vast Ponzi scheme.

A federal court judge in Houston is expected to spend Monday questioning prospective jurors. Opening arguments are expected to start Tuesday.

Stanford’s attorneys have said they expect him to testify.

Stanford was indicted more than 2 1/2 years ago but his trial was delayed while he was treated at a prison hospital for an addiction to an anti-anxiety drug.

Prosecutors say Stanford funded a lavish lifestyle with the money of depositors. His financial empire stretched from the U.S. to Latin American and the Caribbean.

He denies wrongdoing.”

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To find additional federal criminal news, please read Federal Crimes Watch Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions Removal.

The author of this blog is Douglas McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

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