Billionaire Stanford in court
(Times Online): The billionaire Allen Stanford arrived at court today wearing an orange prison jumpsuit, handcuffs and leg chains to face charges of swindling investors out of $7 billion. Mr Stanford, who once landed a helicopter at Lord’s cricket ground, was the last inmate to step off the shuttle bus from Montgomery County Jail. Last week a grand jury returned a 21-count indictment against him and three executives from his now defunct Stanford Financial Group. He was arrested in Virginia last Friday and was returned to Texas two days ago. Dick de Guerin, his lawyer, said that it had been a rough few days for Mr Stanford.
Category: Business
