Top Firm Sued For $1,784 Billion Trillion
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And CNBC reports that alleged Ponzi scheme fraudster Allen Stanford has been back in hospital, after an altercation in jail with another inmate, which apparently led to a broken nose. Stanford's injuries are said not to be 'life threatening'.
Stanford famously told an ABC News reporter earlier year (before he was charged) that he would punch anyone who accused him of fraud in the mouth. It now looks as if an inmate got in first.
In the meantime, Bloomberg reports that Stanford's ex-wife, Susan, who filed for divorce in 2007, is now suing her lawyer, who she claims, turned down a verbal $200m divorce settlement offer last year, and didn't even seek her approval before doing so. Although the lawyer may not have thought $200m represented a good deal at the time (Stanford was then believed to be sitting on a $1.5bn personal fortune), it sures looks a lot now, with the alleged fraudster stuck in a Texas jail, claiming that he doesn't even have enough money to pay for his own defense.
Finally, Bloomberg also reports that the deceased wife of HSBC Investment Management executive Neil Ellerbeck told her sister shortly before she died that she was 'uneasy' in the banker's presence. Mrs Ellerbeck's sister, Susan Reed, told an Old Bailey jury last week that 'she (her sister) felt he (Ellerbeck) was planning something, but she wasn't sure what....She felt uneasy when they were in the house together'. Ellerbeck is on trial for his wife's murder.
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