NEW YORK, (Reuters) – Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
The government filed an amended, 14-count indictment in U.S. District Court in Houston on Wednesday that drops five mail fraud counts and two wire fraud counts. It also dropped part of a conspiracy count.
Stanford, 61, could still face as much as 20 years in prison if convicted on any of the 10 fraud counts in the revised
