Former Billionaire 'Sir' Allen Stanford Appointed Public Defender
Financier has "nothing…down to his socks and underwear," recused lawyer says.
Sept. 15, 2009— -- Flamboyant former billionaire financier 'Sir' Allen Stanford has been ordered a public defender in his $7 billion fraud case because he has no money for an attorney.
"The SEC and the receiver in Dallas took everything from him, not just what they claim was tied to the fraud…everything that he had down to his socks and underwear," lawyer Dick DeGuerin, who was released from Stanford's case this morning, told ABCNews.com.
DeGuerin said the problem was not only that he's received "not a penny" from Stanford, a former jetsetter who traveled to his homes around the world by private jet, but that the confidence they once had in one another was gone.
"It's all the interference from other [attorneys] that destroyed my relationship with him, and it's irreparable," DeGuerin told ABC News.
Stanford, dressed in an orange prison jumpsuit, attended the court hearing before U.S. District Judge David Hittner and met with DeGuerin for two hours beforehand – their first face-to-face meeting since July 30. He was recently released from a Texas hospital and returned to the Joe Corley Detention Facility in Conroe, TX after being admitted for a rapid heartbeat of 300 beats per minutes.
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