HOUSTON — Jurors who convicted R. Allen Stanford of fraud heard Wednesday how $330 million of investors’ money went to his international accounts and to help buy two luxury homes for his mistress.
The jurors are considering a U.S. Justice Department move to go after foreign bank accounts linked to Stanford. Although the 14-count indictment against him described the government’s intention to seek the forfeitures, jurors didn’t know until they convicted Stanford on 13 counts Tuesday that they would stay to hear the forfeiture motion.
After testimony ended Wednesday in the forfeiture hearing, prosecutors argued that certificate of deposit funds from Stanford International Bank ended up in accounts the government wants to seize. Jurors will deliberate starting this morning.
