It’s really all about the fees. Criminal defense attorney Dick DeGuerin no longer wants to represent R. Allen Stanford, because he doesn’t have assurance that Stanford will have money to pay him for future work. But Stanford’s new legal team hasn’t filed papers to substitute into Stanford’s criminal case, because they too want to be sure they will be paid.
Stanford has been in custody since June, after he pleaded not guilty to fraud and conspiracy charges related to an alleged conspiracy to defraud investors who bought about $7 billion in certificates of deposit sold through Stanford International Bank Ltd.
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