'Savagely Beaten' Ponzi Schemer Wants Out of Prison
It's made him 'a wreck of a man,' says lawyer
By Emily Rauhala, Newser User
Posted May 19, 2010 8:19 AM CDT
Allen Stanford steps off a prison transport bus.   (AP Photo/Pat Sullivan, file)

(Newser) – Robert Allen Stanford, the Texas man accused of running a $7 billion Ponzi scheme, wants out of prison, saying that his incarceration ahead of his trial is a violation of his constitutional right to due process. Stanford, who has been "savagely beaten" while in prison, has been jailed for nearly a year and won't see his case head to trial until January. "When Mr. Stanford surrendered to authorities, he was a healthy 59-year-old man," his lawyer tells Reuters. Pre-trial incarceration has "reduced him to a wreck of a man."

"He has been so savagely beaten that he has lost all feeling in the right side of his face and has lost near-field vision in his right eye," continues his lawyer, who claims Stanford has neither the motive nor the money to skip town and should be instead placed under house arrest at his fiancee's sister's home. Last summer, the financier filed a motion for better air-conditioning in his cell. Click here for the latest on his case.

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Showing 3 of 28 comments
May 20, 2010 3:42 PM CDT
here's a good song for this pondscum! Bad boys bad boys, whatcha gonna do when they come for you? waaaaaa waaaaa cry me a river you low life thief.! save the taxpayers a few bucks and take that snake out..human rights? how about the right of the people who lost their future?
May 20, 2010 1:16 PM CDT
I think most people here are missing the GLARINGLY OBVIOUS point of this story - he has *not* had a trial yet, and he is already serving time in prison. Even if he is a flight risk, they can make him surrender his passport and put his ankle monitor on. I imagine if you were arrested, and then thrown in prison before you had a trial, and expected to be in prison for 2 years or so BEFORE you even got that trial, you would be bitchy too. Not really defending him, if he broke the law, he needs to be in prison, but AFTER his friggin trial.
May 20, 2010 9:46 AM CDT
Call me Crazy, but doesn't everyone who is IN prison want OUT? Stanford cheated little old ladies and retirees out of the security they worked for their entire lives and left them penniless! He, along with a close knit group of friends and relatives, issued fake certificates of deposit to the tune of 8 BILLION dollars to support their lavish lifestyle! Did any of the whining "Innocent until proven guilty" weenies that have posted here even follow this story when it was breaking? After a lengthy investigation, and with the help of the SEC, in February of 2009 the FBI swooped in and nabbed them all. This Ponzi scheme is identical to Madoff's. And like old Bernie, there is no doubt as to his involvement or his guilt! The only question is how much time he is going to do. Somehow, I don't think you would be moaning about his poor treatment in jail if you were the ones that he cleaned out and left penniless. In fact, you would want to give him a couple shots to the head yourselves! The crime never seems so awful until it happens to you...