03-12-2009, 01:18 PM
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#153
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barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
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Billionaire Stanford to take the 5th in fraud case
Quote:
DALLAS – Texas billionaire R. Allen Stanford and one of his top officials have asserted their Fifth Amendment right against self-incrimination in the federal government's fraud case against them and Stanford's companies, according to court documents filed Wednesday.
Stanford said he will "decline to testify, provide an accounting or produce any documents" related to the Securities and Exchange Commission's civil case, which accuses him of running a "massive Ponzi scheme."
Finance chief James M. Davis, using similar language, also asserted his right not to incriminate himself.
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Anyone for waterboarding?
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"like strapping a pillow on a bull in a china shop" Bullitt
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