UPDATE: Stanford asks 5th Circuit to let him take over his appeal

By Patsy R. Brumfield
Daily Journal

NEW ORLEANS – Convicted financier R. Allen Stanford gained notoriety for its experience with women, but now he’s asking the 5th Circuit Court of Appeals to fire his female appeals lawyer and let him represent himself.
This week, Stanford filed a four-page motion asking to take over his own appeal of his 2012 conviction on multiple counts he defrauded investors of nearly $7 billion.
“Counsel has shown a lack of professionalism … to prepare a defense for Stanford on appeal,” he told the judges.
Consequently, the court suspended filing deadlines in his case until the judges rule on his motion.
Stanford, 63, is serving a 110-year sentence in a central Florida high-security facility after his high-profile trial in Houston, Texas, where he built his international financial empire.
A jury convicted him in early 2012 of spending investor funds on his playboy lifestyle of girlfriends, yachts and Caribbean developments.
When Stanford was arrested in 2009, he had a wife, a fiance’ and multiple women living in his properties with children he fathered.
He maintains he is innocent of the criminal charges and blames former chief financial officer, James M. Davis, of mishandling the business of investments and certificate of deposit sales out of Stanford International Bank Ltd in Antigua.
Davis once lived on Baldwyn and worked out of Tupelo and Memphis offices.
Investors – many from Mississippi – lost their life savings and retirement funds with the bank went belly-up under pressures from a federal investigation in early 2009.
Many said they believed the funds were federally insured like at domestic financial institutions. They were not.
• Read more details in Friday’s Daily Journal.

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