Home » Caribbean News » Stanford To Face Jury Trial Alone

Stanford To Face Jury Trial Alone

CaribWorldNews, HOUSTON, Texas, Fri. June 25, 2010: Accused Poni schemer, R. Allen Stanford, is set to be tried alone next January.

U.S. District Judge David Hittner this week ruled that the once famous businessman, whose alleged scheme involved his Antigua-based Stanford International Bank, will be tried separately from his alleged co-conspirators in the alleged US$7 billion Ponzi scheme.

Three of Stanford`s former executives, – Laura Pendergest-Holt, the former chief investment officer, Gil Lopez, the former accounting chief, and Mark Kuhrt, the global controller – also charged in the scheme, had asked the judge that they be tried separately.

The former Sir Allen remains jailed awaiting trial on 21 criminal charges for allegedly defrauding 20,000 investors through bogus certificates of deposit at his bank in Antigua.

Three of Stanford`s former executives, also charged in the scheme, had asked the judge that they be tried separately. But Judge Hittner said all three co-defendants will be tried together sometime after Stanford`s trial concludes.