Sir Allen Stanford has been locked up in a Texas jail for several months now on charges that he orchestrated a $7 billion Ponzi scheme. Over the last several months the Stanford debacle has been anything but quiet. At least two reports of physical altercations involving the former billionaire financial mogul, a virtual carousel of revolving attorneys, and all the while more accusations and additional lawsuits have continued to mount.
Last week Stanford requested yet another change in lawyers. This time he has requested to dump Ken Schaffer as lead counsel and replace him with Michael Essmyer of Houston’s Tritico & Rainey.
While Essmyer says that he has no intentions of delaying the trial scheduled to begin next January, he confirmed that Stanford will likely request a change of venue.
As the busy week continued American Express threw their hat into the ring. American Express filed suit against Stanford for his failure to pay for over $115,000 in charges mad on his Centurion Card.
With about 9 months to go before the trial is set to begin, who knows what is next, but I have a feeling we are far from done hearing about this one.