ALLEN STANFORD LOSES LAST CHANCE AT FIFTH CIRCUIT COURT OF APPEALS

The Ponzi schemer, Allen Stanford, whose appeal to the Fifth Circuit, of his criminal conviction and sentence, was unsuccessful, has lost his final bid to have that Court hear his case. His Petition for a Rehearing En Banc, meaning by all the judges of the Court, was denied.

The Court treated his application as a Petition for Panel Hearing, and ruled that, since no member of the panel, or a judge in regular active service of the Court, had requested that the Court be polled, on the Rehearing En Banc, his petition was therefore denied.

Stanford has now exhausted his appeals as a matter of right; the only option left to him now is filing a petition for a Writ of Certiorari, to the United States Supreme Court, where the chances that the Court will hear his case are statistically very remote.