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Judge OKs injunction to freeze Stanford assets

DALLAS
Thu Mar 12, 2009 11:37am EDT
Texan billionaire Allen Stanford talks during an interview in Miami in this May 1, 2008 file photo. REUTERS/Joe Skipper

Texan billionaire Allen Stanford talks during an interview in Miami in this May 1, 2008 file photo.

Credit: Reuters/Joe Skipper

DALLAS (Reuters) - A federal judge on Thursday granted a request from the Securities and Exchange Commission for a preliminary injunction to freeze the assets of Texan financier Allen Stanford and three of his companies that are accused of running a massive Ponzi scheme by U.S. regulators.

U.S.

U.S. District Judge David Godbey agreed to the request at a hearing in federal court in Dallas. A temporary restraining order that was initially granted on February 17 was set to expire on Thursday.

(Reporting by Ed Stoddard in Dallas, writing by Chris Baltimore; Editing by Lisa Von Ahn)
U.S.


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