Stanford Sues U.S. Prosecutors, SEC and FBI Agents
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R. Allen Stanford, the indicted financier, sued U.S. prosecutors and agents of the FBI and Securities and Exchange Commission, accusing them of “abusive law enforcement” and seeking $7.2 billion in damages.
Stanford, who has been held without bail since being indicted in 2009, filed the lawsuit late yesterday at the U.S. courthouse in Houston. He is accused of leading a $7 billion securities fraud scheme and has pleaded not guilty.