Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
The government filed an amended, 14-count indictment in US District Court in Houston that drops five mail fraud counts and two wire fraud counts. It also dropped part of a conspiracy count.
Stanford, 61, could still face 20 years in prison if convicted on any of the fraud counts.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies