Source: bloomberg.com
R. Allen Stanford, the Texas billionaire accused by regulators of running an $8 billion fraud, tried unsuccessfully to surrender to U.S. marshals in the federal courthouse in Houston.
“We said he’s here to surrender, if you’ve got a warrant,” Stanford’s lawyer, Dick DeGuerin, said after the 10- minute visit yesterday. “They said they don’t have a warrant and couldn’t take him.”
Stanford, 59, was sued by the U.S. Securities and Exchange Commission along with two employees on Feb. 17, on allegations they ran a “massive ongoing fraud” through the sale of high- yield certificates of deposit using Antigua-based Stanford International Bank Ltd. Stanford denies any wrongdoing and hasn’t been charged with a crime.
Stanford Goes to Courthouse, Offers to Surrender to Marshals
