Prosecutors say Stanford's international banking empire was really just a Ponzi scheme built on lies and bribery to swindle investors out of $7 billion.
Stanford's lawyer, Christina Sarchio opposed the detention hearing. She says Stanford is not a flight risk and is essentially broke because the government has frozen his assets.
Steven Tyrrell of the Justice Department says more than $1 billion from Stanford's alleged scheme remains unaccounted for. Tyrrell says if anyone has access to it, it's Stanford.
--- Associated Press writer Zinie Chen Sampson contributed to this report.
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