Jury Rules All $330M in Stanford Accounts Subject to Forfeit
by: Andrew Schneider, March 8, 2012 8:03:00 pm
The verdict is part of a criminal forfeiture proceeding that ended Wednesday. It followed Stanford’s conviction Tuesday by the same jury on thirteen of fourteen fraud-related counts for orchestrating a scheme that took more than $7 billion over twenty years from investors.
With the forfeiture ruling over, Judge David Hittner set a sentencing date for Stanford of June 14. Judge Hittner said the sentencing will include victim impact statements and that anyone wishing to file one should write to him. "I will read every single letter," he said.
Judge Hittner said the Federal Probation Office will handle the organization of victims who wish to speak at the sentencing.
Impact statements can be mailed to the following address:
Judge David Hittner, US Courthouse, 515 Rusk Ave, Room 8509, Houston, TX 77002