Indicted U.S. billionaire taken to courthouse
Houston (AP): Billionaire R. Allen Stanford wore handcuffs and leg chains as he arrived at a federal courthouse in Houston to face fraud and conspiracy charges.
The 59-year-old financier has denied allegations he swindled investors out of $7 billion in an elaborate pyramid scheme.
Stanford, wearing an orange prison jumpsuit and dark slip-on shoes, was the last inmate off the corrections shuttle bus Thursday morning. Stanford was arrested June 18 in Virginia.
Stanford and three executives from his now defunct Houston-based Stanford Financial Group are set to be arraigned, a week after a grand jury returned a 21-count indictment.
A magistrate is also expected to decide if Stanford will be allowed to be free on bond pending trial.
Houston (AP): Billionaire R. Allen Stanford wore handcuffs and leg chains as he arrived at a federal courthouse in Houston to face fraud and conspiracy charges.
The 59-year-old financier has denied allegations he swindled investors out of $7 billion in an elaborate pyramid scheme.
Stanford, wearing an orange prison jumpsuit and dark slip-on shoes, was the last inmate off the corrections shuttle bus Thursday morning. Stanford was arrested June 18 in Virginia.
Stanford and three executives from his now defunct Houston-based Stanford Financial Group are set to be arraigned, a week after a grand jury returned a 21-count indictment.
A magistrate is also expected to decide if Stanford will be allowed to be free on bond pending trial.
