Judge delays release on bond of Stanford

HOUSTON (AP) - June 26, 2009 U.S. District Judge David Hittner granted a prosecution request Friday to delay a magistrate's order a day earlier that granted Stanford a $500,000 bond. Stanford is being held in the meantime.

Hittner ordered a hearing be held on Monday to listen to arguments on whether Stanford's bond should be revoked.

Prosecutors argue Stanford, who has ties to Antigua and access to money, is a flight risk. But his defense attorney says those claims are exaggerated and Stanford wants to stay and clear his name.

Follow Action News on Twitter

Get Action News on your website

Follow Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.

Copyright © 2024 WPVI-TV. All Rights Reserved.