Allen Stanford Cites Media ‘Tweets’ as Basis for New Trial
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R. Allen Stanford is entitled to a new trial because publicity prior to the six-week proceeding and Twitter posts by reporters in the courtroom likely tainted the jury, his lawyers told a U.S. judge.
The Texas financier, who was accused of leading a $7 billion international investment fraud, was found guilty of 13 criminal counts by a federal court jury in Houston on March 6. Facing as long as 20 years in prison for each of four wire fraud and five mail fraud charges, Stanford is scheduled to be sentenced on June 14.