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Stanford Financial Group Ponzi Scheme - The Hayes Law Group
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(February 16, 2010 - Tuesday) - Federal Judge Richard Goldberg said that prosecutors had failed to prove that Thomas Raffanello and Bruce Perraud knowingly committed a crime by shredding documents subsequent to an order to preserve all Stanford Financial documents.
Defense attorneys argued that no crime was committed since all of the documents that were shredded had been preserved through electronic copies on computers that were made available.
The judge ruled that there was no sufficient evidence to allow the jury to decide the case, after jurors sent out a pair of notes citing confusion about the case during their two days of deliberation.
Former billionaire Allen Stanford, who controlled the Stanford Financial Group prior to his arrest in June of 2009, is in jail in Houston awaiting trial on charges that he and other executives in his company were involved in $7 billion Ponzi scheme.
The investment fraud attorneys at the Hayes Law Firm are currently helping those whose assets were harmed as a result of the devious investment tactics displayed by the Stanford Financial Group. To discuss your rights and how the investment fraud lawyers at the Hayes Law Firm can help recover your money contact us today.
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