Stanford’s daughter fights for $1.3 million condo

admin Contributor
Font Size:

DALLAS (AP) — The daughter of jailed Texas businessman R. Allen Stanford could face federal contempt of court charges over a fight to keep her $1.3 million condominium in Houston.

Judge David C. Godbey on Wednesday ordered Randi Stanford to appear at a hearing on the issue on Jan. 28.

Randi Stanford is battling a court-appointed receiver’s efforts to sell the 2,800-square-foot condo. She argues in court papers that the condo should not be part of the allegedly tainted assets seized by the government.

Allen Stanford denies the government’s claim that he led a $7 billion Ponzi scheme by promising inflated returns to about 28,000 investors on certificates of deposits at his Antiguan bank.

The daughter’s lawyer didn’t immediately return a message.