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Bail Revoked for Financier Accused of Fraud

Jun. 30, 2009
A judge revoked bond for R. Allen Stanford, the Texas billionaire accused of masterminding a $7 billion fraud.
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Stanford to remain in jail for now

HOUSTON, June 26 (UPI) -- A federal judge in Houston delayed accused financier R. Allen Stanford's release Friday to give prosecutors a chance to argue he is a flight risk.

Texas 'billionaire' pleads not guilty

HOUSTON, June 25 (UPI) -- Texas businessman R. Allen Stanford pleaded not guilty to fraud charges in Houston Thursday in a case defined by a potential loss of $7 billion.
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French Open tennis in Paris
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Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa