Cricket mogul Stanford sues for USD 7.2 bn
Washington: Financier and cricket mogul Allen Stanford, accused in a 7-billion-dollar fraud scheme, has launched a countersuit against federal agents alleging
violations of his civil rights and illegal prosecution.
Stanford in his lawsuit filed in Houston, Texas, seeks USD 7.2 billion dollars from a group of agents of the FBI, Justice Department and Securities and Exchange Commission.
The complaint says the agents “undertook illegal tactics” including a civil prosecution by the SEC “which was calculated to seize all his corporate and personal records, conduct a criminal investigation... and at the same time, seize and take all of Mr. Stanford’s personal assets” to impair his defense.
The flamboyant Texan was declared incompetent to stand trial last month after government psychiatrists and Stanford’s team testified that he was suffering from bouts of delirium linked to his dependency on powerful anti-anxiety medication.
They found the 60-year-old was also depressed due to a brain injury he sustained during a 2009 jailhouse brawl, and recommended he be weaned off the drug.
US District Judge David Hittner denied Stanford’s request to be released and treated at a private medical facility.
Stanford has pleaded not guilty to 21 counts of fraud, money laundering and obstruction. He faces up to 375 years in jail if convicted.
A self-described “maverick,” Stanford hit international sports headlines by creating the eponymous Stanford Super Series Twenty20 cricket competition.