Reuters: Top News: Financier Allen Stanford loses bid for new trial

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Financier Allen Stanford loses bid for new trial Mar 22nd 2012, 22:14 Tweet Share this Email Print Related News Allen Stanford seeks new trial, blames Twitter Wed, Mar 21 2012 Goldman loses bid to end lawsuit over risky CDO Wed, Mar 21 2012 NY Mets owners lose ruling on key Madoff issue Wed, Mar 14 2012 Stanford foreign accounts should be forfeited: jury Thu, Mar 8 2012 UPDATE 2-Stanford foreign accounts should be forfeited-jury Thu, Mar 8 2012 Allen Stanford leaves the Federal Courthouse where the jury found him guilty, in Houston March 6, 2012. Credit: Reuters/Donna W. Carson By Jonathan Stempel Thu Mar 22, 2012 5:42pm EDT (Reuters) - The financier Allen Stanford on Thursday lost his bid for a new trial, 16 days after being convicted for running an estimated $7 billion Ponzi scheme. District Judge David Hittner in Houston turned down Stanford's request for a new trial in a brief order, without explaining his reasons. Stanford, who turns 62 on Saturday, was convicted on March 6 by a Houston federal jury on 13 of 14 counts related to what prosecutors said was the sale of bogus certificates of deposit from his Antigua-based Stanford International Bank Ltd. (Reporting by Jonathan Stempel in New York; Editing by Dale Hudson) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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