55°
Baton Rouge, Louisiana
3 Day Outlook
Mon
82°
59°
20%
Tue
83°
63°
50%
Wed
81°
65°
20%
TrueView© Local Radar

Latest Weather Blog

Follow our weather team on social media

Judge denies Stanford's motion for new trial

3 years ago Friday, March 23, 2012 6:46:23 AM CDT March 23, 2012 Friday, March 23 2012 Mar 23, 2012 in News
Source: Associated Press

HOUSTON - A federal judge has denied a new trial request from former Texas financier R. Allen Stanford, who was convicted of fraud in a $7 billion Ponzi scheme.

Stanford's attorneys argued he didn't get a fair trial due to pretrial publicity and because jurors might have seen tweets from reporters covering the trial.

U.S. District Judge David Hittner denied the motion Thursday in a brief order.

Stanford was convicted this month on 13 fraud-related charges for misusing money from investors who bought certificates of deposit from his Caribbean bank.

Prosecutors said he orchestrated the scheme to fund his businesses and lavish lifestyle. His attorneys said he was a legitimate businessman.

The 61-year-old is set to be sentenced June 14 and could spend the rest of his life behind bars.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
82°
60°
Mon
Partly Cloudy
82°
59°
Tue
AM T-Storms
83°
63°
Wed
AM Clouds / PM Sun
81°
65°
Thu
T-Storms
86°
68°