Judge considers Stanford funding request

A federal judge in Dallas, Texas announced he will consider a request for money to be made available to pay lawyers and accountants for Allen Stanford.



Mr Stanford asked the judge more than two months ago to order the court-appointed receiver in the Securities and Exchange Commission civil case against him, to place $10 million in an account to cover fees and legal costs.



Mr. Stanford is also seeking to use money from a Stanford Financial insurance policy to pay his legal team.



The judge has proposed that the Texan financier\'s personal assets be examined for money untainted by an alleged $7 billion fraud.



Stanford was considered one of the richest men in the United States but his lawyers now claim he is penniless.