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Allen Stanford: No More Peanut Butter Sandwiches!

January 31, 2012
[ by Melanie Gretchen ] Allen Stanford's legal team has a new defense strategy - exhaustion.  Set aside memory loss and insufficient resources to fund his trial.  The word is that peanut butter sandwiches provide to Stanford failed to energize the alleged $7 billion Ponzi schemer sufficiently, which prevented him from participating in his defense.

Yes, that is what his lawyers told U.S. District Judge David Hittner.  [C-I Note: No, that wasn't Judge Hittner you saw on YouTube, howling with laughter.]

The 14-count indictment against Stanford alleges that the former Texas financier attracted investors with assurances of high interest rates on CDs.  Prosecutors claim Stanford used the money for personal use, which the defendant has denied. Last week, 69-year-old retiree Joseph Flynn testified that he lost his entire life's savings after investing some $1.6 million.  He gets by these days by selling his possessions on eBay and by eating mac and cheese. After Stanford's legal team complained about the lunches, the courthouse menu was changed to accommodate Stanford.  [C-I Note: No report on whether the change in diet has revitalized the defendant.] If only Mr. Flynn's mac and cheese could be taken off the table. For more details, go to [NY Post, 1/29/12].