Financial Times FT.com

Stanford scandal

US hard line keeps Stanford hands tied

By Stacy-Marie Ishmael and Joanna Chung in New York, Brooke Masters in London and Sheila McNulty in Houston

Published: July 10 2009 23:14 | Last updated: July 10 2009 23:14

Sir Allen Stanford, who is accused of operating a $7bn Ponzi scheme, has spent the past three weeks handcuffed, shackled and confined to a cell at a detention centre 48 miles north of Houston, Texas.

While awaiting trial on charges ranging from securities fraud to bribery, Sir Allen, sporting a bright orange suit, has only been allowed to speak to visitors – including his attorneys – through a protective glass barrier, under the watchful eyes of prison wardens.

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