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Criminal Law

: Law Of Criminal Defense

CNBC: "Stanford Lawyer Quits over Cash"

By John Wesley Hall, Jr.

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CNBC: Dick DeGuerin released as Sanford's lawyer because the government won't release any money for defense. Accused fraudster Allen Stanford once claimed a net worth of more than $2 billion. But with all of his assets frozen by a federal judge, he has no funds to pay his high-powered criminal defense lawyer, Dick DeGuerin of Houston. Stanford replaced DeGuerin this afternoon, and in court papers filed this evening, DeGuerin writes that he and his team "are unwilling to go forward without the assurance of being paid for work in the future." Estimated cost of the defense? $20M.

Full post as published by Law Of Criminal Defense on August 01, 2009 (boomark / email).

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