Allen Stanford’s trial is over and he stands convicted of 13 out of 14 offenses as reported in the NYT. He is now headed to prison. In this enormous scheme Stanford swindled 30,000 investors from more than 100 countries of more than 7 billion dollars. It is hard to wrap your mind around that level of greed…. Continue Reading
Tag Archives: federal court
Lance Armstrong wins longest ride of his life: Federal Investigation Dropped
Posted in Cycling, Performance Enhancing DrugsLance Armstrong will take a metaphorical ride down the Avenue des Champs-Élysées today in celebration of the end to a federal probe into his alleged use of performance enhancing drugs and a host of other charges. The investigation into Lance is over, and there will be no charges period–case closed. U.S. Attorney André Birotte, Jr., said Armstrong and… Continue Reading
Cricket Bats and Federal Court: Part III
Posted in CricketThe trial of Allen Stanford is currently underway in Federal Court in Texas. As previously discussed here and here, the case of former billionaire financier and cricket team-owner Allen Stanford continues to make headlines. According to a recent report in Businessweek, an Antiguan judge who also serves as the island’s top banking regulator recently told… Continue Reading
Cricket Bats and Federal Court: Part II
Posted in Cricket, Federal FraudThis is an update to a previous post (found here) regarding the trial of Ponzi scheme leader/cricket teaming owner Allen Stanford. Last we heard Stanford had failed to convince a federal judge that he was mentally unfit to stand trail for an alleged $7 billion scheme to defraud investors. Now, a former employee of the… Continue Reading
Sam Hurd Indictment
Posted in NFLSam Hurd’s Indictment was returned yesterday in Federal Court for the Northern District of Texas. Sam Hurd is the former NFL wide receiver who most recently played for the Chicago Bears. This is a two count indictment with a forfeiture provision. The first count is conspiracy to distribute 5 kilos or more or cocaine. Count two is possession of 500… Continue Reading
Cricket Bats and Federal Court
Posted in Cricket, Federal FraudU.S. District Court in Houston will be the site of a sadly familiar story with an unusual central figure next month as the trial of Sir Allen Stanford begins. The familiar part is an allegedly 7 billion dollar Ponzy Scheme run by Stanford that bilked thousands of investors of their money. The new twist is Allen Stanford, the former… Continue Reading
Barry Bonds sentencing today in Federal Court
Posted in Baseball, Performance Enhancing Drugs, Punishment, SentencingBarry Bonds will appear before U.S. District Judge Susan Illston today to learn his fate for his obstruction of justice conviction. Bonds’ sentencing range under the federal sentencing guidelines is 15-21 months. The government has filed papers with the court asking that he receive the bottom of the guideline range, 15 months, but that the sentence be… Continue Reading