[READ IT: United States vs. Bruce Perraud]
[READ IT United States vs. James M. Davis]
[READ IT: Statement from Dick DeGuerin, Stanford's attorney]
Stanford pleaded not guilty Thursday to charges he swindled investors out of $7 billion as part of a massive investment scam.
Two family members and a friend agreed to pay the bond set by U.S. Magistrate Frances Stacy, but she delayed her decision until Friday afternoon to give prosecutors time to appeal to the judge who will hear the case.
At his bond hearing, prosecutors argued Stanford should be held without bond because he might have access to billions of dollars in secret funds.
Stanford entered his plea during his arraignment in federal court. The financier was indicted on charges that his international banking empire was really just a colossal Ponzi scheme.
QUICK HEADLINES | MORE LOCAL | GET NEWS ALERTS
-----------------------------------------------------------------------------------------------
ABC13 SOCIAL NETWORKING
Find us on Facebook® | Follow us on Twitter | More social networking
-----------------------------------------------------------------------------------------------
MORE FROM ABC13
ABC13 widget | Most popular stories |
Street-level weather
ABC13 wireless |
Slideshow archive |
Help solve crimes
-----------------------------------------------------------------------------------------------
