Kenneth Rijock

Kenneth Rijock

Tuesday, February 28, 2012

ACCUSED FRAUDSTER STANFORD DECLINES TO TESTIFY

The defence rested yesterday in the Federal criminal trial against financier R Allen Stanford, accused of operating a $7bn Ponzi scheme from his bank in Antigua. Stanford's attorneys has declared, in opening statement, that their client would testify in his own defence, but apparently decided against it, though Stanford reportedly wanted to take the stand in the trial, which has been going on for six weeks.

Final argument of counsel will occur on Wednesday, and the case will then go to the jury. We shall report any verdict as soon as it is announced.

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