Toolbox

HOUSTON, (Reuters) – Allen Stanford, the Texas  billionaire facing civil fraud charges, attempted to turn  himself in at the federal courthouse in Houston on Thursday,  but was turned away because there is no warrant for his arrest,  his lawyer said.

“There are all these rumors flying around about an  indictment coming soon,” said Dick DeGuerin, Stanford’s  criminal attorney. “We want the authorities to know that  Allen Stanford is going to stand and fight, he’s not going to  run.”

Stanford and DeGuerin went to the federal courthouse  Thursday afternoon, but the U.S. Marshals would not take  Stanford into custody, the lawyer said.

Stanford, who does not face criminal charges, but has said  he expects to be indicted, will try to turn himself in again  next week, DeGuerin said.

“I said to the marshals, if you get a warrant, give me a  call,” DeGuerin said.
A spokeswoman for the U.S. Attorney’s office in Houston  could not immediately be reached for comment.

Stanford, two other executives and three of his companies  are accused by the U.S. Securities and Exchange Commission of  an $8 billion fraud involving high-yield certificates of  deposit issued by Stanford International Bank in Antigua.

Related Articles


You can follow responses to this article through its RSS feed.

Subscribe to our electronic edition or get home delivery!


Reader Comments

Leave a Reply

About Comments



The Comments section of this website is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness.

We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Curious about the little images next to each commenter's name ? Go here and sign up using the same email address you used to register for Stabroeknews.com then upload your image and confirm it.

More articles in World News