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Stanford Found In U.S.

Reuters is reporting that Allen Stanford has been found in Virginia and served by the FBI with court papers.

MSNBC just confirmed that report moments ago.

Stanford has been accused by the SEC of orchestrating an $8 billion fraud, but still has not been criminally charged.

Late Update: ABC News has more Stanford details:

- According to one of his lobbyists, Ben Barnes, Stanford has turned in his passport and said he won't flee. He's described as "very depressed" and sought to end the manhunt by approaching DOJ officials himself.

- In addition:

In the meantime, the SEC has begun to seize an array of private property owned by Stanford and his firm.

Stanford's fleet of six private jets were recalled to the corporate hangar at Sugarland Airport outside Houston, including the Bombardier 500 luxury jet that was used exclusively by Stanford.

According to flight records, the Stanford jet flew into Washington, D.C. earlier this week and returned to Houston yesterday afternoon. Flight crews said Stanford was not seen on the plane when it unloaded.

- And Stanford has hired top DC criminal defense lawyer Brendan Sullivan, of Williams and Connolly. Sullivan represented Oliver North and Ted Stevens.

Separately, AP adds that Stanford was served with court papers in Fredericksburg, Virginia.


11 Comments

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Served? This guy is a flight risk curious as to why he wasn't arrested.

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No, no, no, jsfox, TPM means "served" in the GOP/Steele urban-suburban hip-hop way. Like, 'You got served Stanford, yo. Werd to yo mutha." That kind of "served." That means he was frogmarched and tazed, bro.

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This is really sad.

If this keeps up, where will the politicians go to get their campaign contributions (bribes), free trips (bribes), and gifts (more bribes)?

This more than confirms the need for a one term limit on elected officials. Make that term 8 or 10 years if necessary, but make it one term. That would eliminate the need for them to sell their votes at least for "campaign contributions".
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Of course he hasn't been charged.

He will live in his house for years while the legal system chugs along.

Someone should have planted a joint in his pocket so he would actually do some time.

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Bet he wishes he had bought a jet, helicopter, yacht, etc., with that $8B. Trying to charter a flight to Antigua with a AmEx card didn't work out so well . . . did he shave off his Tom Friedman stach and dye his hair blonde?

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sure would like to know who was flown to DC in a hurry on that lovely bombardier 500 if it wasnt stanford. wonder if it was one of our champions of zero.

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Does Stanford have a spouse? Kids?

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Methinks that Mr. Stanford has just acquired the free services of a 24/7 tail/bodyguard, courtesy of the U.S. Marshall's office.

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He was caught fishing out an almost empty champagne bottle, and scraping caviar out of a mostly empty tin with his finger, right behind a lobbyist firm's dumpster. Poor Feller

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Brendan Sullivan of "I'm no potted plant" fame. Ahhh, memories.

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Think about it, "Sir" Allen has multiple protected off shore banks and accounts. If any of his victims want to get back any of their money, the Feds will be offering a deal on the charges.

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