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Thursday 09 July 2009 8:00 pm  |  Updated:  Friday 31 May 2019 8:22 am

STANFORD DENIED BAIL

By: admindrupal

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ALLEN Stanford, the Texas financier, will remain in jail after a federal judge yesterday denied his request to reconsider detention pending trial. Stanford, who faces criminal fraud charges, was initially granted bail by a judge, but federal prosecutors successfully argued before US District Judge David Hittner that the billionaire was a serious flight risk who would not stick around to face the courts.

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