Stanford update: Fallen financier will not testify

By Patsy R. Brumfield/NEMS Daily Journal

HOUSTON, Texas – R. Allen Stanford will put his fate in a jury’s hands, without telling them his side of a story filled with sex, money and intrigue.
Stanford, 61, is on trial accused of masterminding a $7.2 billion Ponzi scheme on buyers of certificates of deposit through his Stanford International Bank in Antigua.
Early this afternoon, after the defense’s final expert witness, Stanford and his attorneys huddled in the hallway outside the downtown Houston courtroom to make one last check on whether he would testify.
Before the trial began six weeks ago, they’d strongly hinted he’d take the stand.

• Read Tuesday’s Daily Journal for more.

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