Sat | Sep 23, 2017

Stanford lawyers want to quit

Published:Thursday | January 12, 2012 | 1:00 PM

Lawyers for disgraced Texas financier Allen Stanford have asked a US federal district judge to let them quit the case.

Stanford is scheduled to go on trial on January 23 on charges of leading a US$7 billion fraud involving his Antigua-based Stanford International Bank.

Attorneys Ali Fazel and Robert Scardino, filed the withdrawal request with US District Judge David Hittner in Houston yesterday, saying budget restrictions are hampering their effectiveness.

The lawyers are being paid from public funds because Stanford’s assets are frozen by court order in a related case.

They say the rulings of the court, the budget matters and matters still under seal have placed them in an untenable position and so they are unable to represent Stanford competently.