Disgraced Former Billionaire Allen Stanford May Testify Today

Former billionaire Allen Stanford may testify later today in federal court in Texas in his trial on accusations that he ran a $7 billion Ponzi scheme, the Houston Chronicle reports.

TPM detailed earlier today how Stanford’s defense team said it is getting stiffed out of as much as $1.9 million by the federal court system while they help the former cricket mogul fight the charges.

The Chronicle’s T.L. Langford is tweeting live from the courtroom.

ABOUT THE AUTHOR

Nick Martin is an associate editor at TPM in New York City. He came to the site in 2011 as a reporter for TPMMuckraker. Previously, he worked in Arizona, first as a staff reporter for a local newspaper and later as a freelance journalist. He also ran the news blog Heat City. Contact him at nick@talkingpointsmemo.com

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