Jailed Texas financier Stanford gets new attorneys

October 27, 2010 9:59:06 AM PDT
Jailed Texas financier R. Allen Stanford is once again getting new attorneys, his fifth set of lawyers since being indicted last year on charges he bilked investors out of $7 billion in a massive Ponzi scheme. During a court hearing in Houston federal court on Wednesday, U.S. District Judge David Hittner appointed the new legal team of two local attorneys after the financier had accused his current lawyer of ethical violations.

The nature of the accusations were filed under seal, and attorneys in the case cannot comment because of a gag order issued by Hittner. Stanford has had problems with previous attorneys, who have accused the financier of being difficult to work with.

Despite the new attorneys, Hittner says he still expects Stanford's trial to begin on Jan. 24.