By NEMS Daily Journal
HOUSTON, Texas – The Allen Stanford trial is taking place now.
This is the seventh day of fallen financier Stanford’s fraud trial in the town where he built his financial empire.
Stanford insists he is innocent of the 14 counts that he masterminded a $7.2 billion Ponzi scheme on some 22,000 investors worldwide. More than 1,000 are Mississippians who bought into the CDs through offices in Tupelo, Jackson and Memphis.