DALLAS AP - A federal judge ruled Monday that thousands of investor accounts with Texas billionaire R. Allen Stanford's financial companies will remain frozen for another 10 days, and a court-appointed receiver said he's developing a plan to return some of the money to its owners.The accounts have been frozen by a temporary restraining order during the federal investigation of Stanford's businesses.
March 02, 2009 at 12:00 AM
1 minute read
DALLAS AP – A federal judge ruled Monday that thousands of investor accounts with Texas billionaire R. Allen Stanford’s financial companies will remain frozen for another 10 days, and a court-appointed receiver said he’s developing a plan to return some of the money to its owners.
The accounts have been frozen by a temporary restraining order during the federal investigation of Stanford’s businesses. U.S. District Judge David C. Godbey on Monday extended the order until March 12.
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