Stanford Found ... in Virginia

Sir Allen was served today with papers in the SEC case somewhere in Virginia.

Remember, no criminal case yet against Stanford. The SEC action is civil suit. Bloomberg had a good rundown this morning on the difference and on how the cases are likely to play out.

Late Update: They found him in the Fredericksburg, Virginia, area. He has surrendered his passport and retained DC criminal defense lawyer Brendan "I am not a potted plant" Sullivan as counsel, ABC reports.