SEC: Stanford dropped $250K in Vegas casino

May 6, 2009 3:42:47 PM PDT
The Securities and Exchange Commission is looking into whether R. Allen Stanford violated the terms of his asset freeze. [SIGN UP: Get headlines and breaking news sent to you]

According to court documents, Stanford wrote more than $250,000 in checks to the Bellagio Hotel and Casino in Las Vegas just two days after a judge ordered his money be frozen.

Stanford is trying to convince a judge to free up $10 million of his assets so he can pay for a defense team in his fraud case.

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