A federal judge said Thursday she’s not getting involved in whether an insurer should pay for jailed Texas financier R. Allen Stanford’s latest criminal defense team to defend him on charges he bilked investors out of $7 billion in a massive Ponzi scheme.
U.S. District Judge Nancy Atlas will ultimately have to decide if Stanford and three executives of his company, who have been indicted on charges including money laundering, wire and mail fraud, will have all their legal fees paid for by an insurance policy from Lloyd’s of London.
