Bail Revoked For Alleged Ponzi Schemer Stanford

A federal district court judge in Houston today revoked a magistrate judge’s order granting alleged Ponzi schemer R. Allen Stanford release on bail. U.S. District Judge David Hittner declared that, “[i]n total, the evidence proffered by the government is sufficient to weigh in favor of detention.”

It is not certain whether Stanford’s counsel will appeal the decision.