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Amerigo Vespucci

(30,885 posts)
Tue Feb 28, 2012, 03:03 PM Feb 2012

Texas financier Allen Stanford's defense rests without calling Stanford to the stand

HOUSTON (Reuters) - Texas financier Allen Stanford's attorneys wound up their defense in his criminal fraud trial on Monday without calling Stanford himself to the stand, ending suspense over whether he would testify.

Stanford, 61, is accused of bilking investors from more than 100 countries by selling fraudulent certificates of deposit from Stanford International Bank in Antigua, and then using those deposits to finance his own lifestyle.

His trial began on January 23 in federal court in Houston. Prosecutors presented a series of witnesses, including former chief financial officer James Davis, who said that Stanford was deeply involved in running the bank. In their defense, Stanford's attorneys have sought to portray their client as aloof from day-to-day decisions, blaming Davis, who has pleaded guilty to fraud, and others for any wrongdoing.

Some legal experts said Stanford and his team made the right decision. "In the best of times, the decision to call the defendant is inherently problematic. There are so many things that can go wrong," said Brian Wice, a criminal defense attorney who is not involved in the case.

http://news.yahoo.com/stanford-defense-rests-without-calling-stanford-000545836.html
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Texas financier Allen Stanford's defense rests without calling Stanford to the stand (Original Post) Amerigo Vespucci Feb 2012 OP
You mean they won't put him on the stand and ask, "Is it fun being a billionaire?" KansDem Feb 2012 #1
Calling the defendant in a criminal case almost never happens gratuitous Feb 2012 #2

KansDem

(28,498 posts)
1. You mean they won't put him on the stand and ask, "Is it fun being a billionaire?"
Tue Feb 28, 2012, 03:13 PM
Feb 2012


I guess attorneys aren't like gushing, swooning, ass-kissing CorpMedia "reporters."

gratuitous

(82,849 posts)
2. Calling the defendant in a criminal case almost never happens
Tue Feb 28, 2012, 03:21 PM
Feb 2012

The state can't compel a criminal defendant to provide testimony against himself, and unless there's some really compelling reason, a defense attorney won't put the defendant on the stand.

But I just love how it happens over and over again: These high-flying fatcats run afoul of the law, and suddenly they have no knowledge of how their company runs. Money just falls out of the sky into their pockets, and they have no idea how that happens. It's someone else who was in charge of that, and when the universe is smiling so broadly on a person, it isn't wise to inquire too closely into the inscrutable mechanisms that are benefiting you in this handsome fashion.

I hope Mr. Stanford becomes a ward of the State of Texas, dependent on its government for his food, clothing and housing for the rest of his life.

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