Ponzi Schemer Allen Stanford Shows up for Hearing in Shackles, Pleads Not Guilty
New Times' favorite accused Ponzi schemer, the island-ownin', mistress-swappin', cricket-lovin' Sir R. Allen Stanford, had his first day in court today.
Stanford was finally charged last week with 21 counts of wire fraud, mail fraud, money laundering, and obstruction of justice in connection with his Antigua-based bank, which the feds say plundered $7 billion from thousands of investors.
He showed up for his hearing today with shackles on his hands and feet -- perhaps in a nod to his earlier threats to punch reporters in the face.
Stanford pleaded not guilty to the charges in a jam-packed Houston courthouse. Three other Stanford execs, including chief financial officer Laura Pendergest-Holt, also pleaded not guilty.
A judge has yet to rule whether to release Stanford on bail.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Miami New Times' biggest stories.
- Comcast Is Bringing Internet Data Caps to South Florida
Fri., Sep. 4, 11:30am
Fri., Sep. 4, 6:35pm
Sat., Sep. 5, 11:30am
Sat., Sep. 5, 7:00pm
- Fortress-Like Art Museum to Be Approved for Biscayne Boulevard
- Jeb Bush Reminds World the Only Thing "Conservative" About Donald Trump Is His Fear of...