Tuesday, June 30, 2009

US judge overturns Stanford bail

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Breaking News

A US judge has ruled that American billionaire Sir Allen businessman should remain in slammer until his humbug trial.

The judge turned a selection to earmark the solon to yield slammer on a $500,000 (£305,000) bail.

Prosecutors argued he was a grace risk, saying Sir Allen's meshwork of wealthy friends and dual citizenship could enable him to yield the US.

The solon is covering effort over allegations he ran a $7bn ($4.2bn) scheme to swindle investors.

Mr Stanford's lawyers said they were frustrated with the selection and would appeal against the ruling.bottom custom html 3
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