Allen Stanford jury says unable to reach verdict

Reuters News
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Posted: Mar 05, 2012 5:51 PM
Allen Stanford jury says unable to reach verdict

HOUSTON (Reuters) - The Jury in the trial of Allen Stanford said on Friday they were unable to reach a verdict on all of the 14 counts against the former Texas financier.

Stanford is on trial in federal court in Houston accused of running a $7.1 billion Ponzi scheme.

U.S. District Judge David Hittner said he would instruct the jury to continue deliberating.

(Reporting by Anna Driver)