In The News
Jurors agreed early that Stanford was guilty
Jurors who convicted R. Allen Stanford of fraud agreed early in their deliberations that he was guilty of all but one of the charges against him, found the government’s star witness credible and felt sympathy for investors who lost millions, they said after completing their seven weeks of duty Thursday.
A few of the jurors spoke after they completed a brief, second phase of the trial in which they concluded that the government should go after $330 million in foreign bank accounts the jurors found came from Stanford’s fraud.”
“We were confident we made the decision we had to,” said juror David Wright, an accountant, who called the evidence against Stanford “overwhelming.”
Wright said the jurors believed the money in the bank accounts should go back to investors who put money into Stanford’s fraudulent operation.
Jurors also said they found former Stanford finance chief James Davis convincing in his testimony that money clients invested in Stanford’s bank in Antigua was used to finance his pet ventures and luxuries like yachts, private jets and beachfront estates.
Davis has pleaded guilty to three felony counts and is cooperating with prosecutors. Four other defenants — three Stanford executives and an Antiguan regulator– are set for trial later.
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