Judge refuses to dismiss Stanford shredding case

A federal judge in Florida has refused to dismiss charges of illegal document shredding against two former employees of disgraced financier Allen Stanford.
JAN 06, 2010
By  Bloomberg
A federal judge in Florida has refused to dismiss charges of illegal document shredding against two former employees of disgraced financier Allen Stanford. Magistrate Judge Robin Rosenbaum on Wednesday rejected defense claims that prosecutors intimidated a key defense witness so that he won't testify in the trial of Thomas Raffanello and Bruce Perraud. The two men are charged with illegally shredding thousands of documents as Stanford's banking empire was collapsing earlier this year. Prosecutors have refused to give immunity to witness Anthony Belovich because he also may face criminal charges. Belovich has invoked his Fifth Amendment right not to testify. Rosenbaum's ruling still must be reviewed by a federal district judge.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound