Financier Stanford drops lawsuit against officials
HOUSTON
A federal judge earlier this week granted a request by
Stanford's attorney to dismiss the suit, which accused federal
prosecutors and agents of using illegal tactics to arrest him and
seize all his personal and business properties.
/*R. Allen Stanford*/ is accused of bilking investors out of $7 billion in a
massive Ponzi scheme.
The judge's order says the lawsuit, which asked for $7.2 billion
in damages, can be refiled after the criminal case is done.
Stanford's case is on hold while he's being treated in a federal
prison hospital in Butner, N.C., for an anti-anxiety drug addiction
he developed while jailed in Houston.
