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Seven Stanford charges abandoned
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Fri May 6, 2011 BBC News US federal prosecutors have dropped seven of the 21 charges against the Texas financier Allen Stanford. But Mr Stanford could still face up to 20 years in prison if he is convicted of any of 10 remaining fraud counts. Mr Stanford - who rose to prominence promoting Twenty20 cricket in the Caribbean - is accused of running a $7bn Antigua-based Ponzi scheme to defraud investors. He has pleaded not guilty to fraud, conspiracy and obstruction. Read More: http://www.bbc.co.uk/news/world-us-canada-13302864 |
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