Friday, July 3, 2009

Multimillion Dollar Legal Defense?

Before Allan Stanford can spend millions of dollars on his legal defense, he must prove that those funds are clean (via the Houston Chronicle):
A Dallas federal judge won’t release millions of dollars for R. Allen Stanford to pay his legal team unless Stanford can account for his assets and show that money he wants unfrozen isn’t tainted by the $7 billion fraud he is accused of running.
While Stanford deserves fair legal representation, I think this is a great move by the judge--Stanford shouldn't be able to spend a fortune on his defense with funds that may have been obtained through a Ponzi scheme.

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