Lawyer running Stanford's firms asks for $9M

October 6, 2009 10:25:02 AM PDT
The Dallas lawyer in charge of jailed billionaire financier R. Allen Stanford's businesses is asking a federal court to pay his team nearly $9 million for three months of work. Court-appointed receiver Ralph Janvey filed a motion with a federal court in Dallas last week, seeking almost $8.9 million in fees and expenses for work from June through August.

Janvey and his team of lawyers and consultants are winding down Stanford's businesses and tracking down billions of dollars the government says went missing in an alleged Ponzi scheme run by Stanford and his associates. Stanford, who is jailed in the Houston area, has denied the allegations.

Last month, the court approved $20 million for Janvey's team for their work from mid-February through the end of May.

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