Judge approved Stanford sale

A judge in the United States has approved the sale of real estate owned by corporations controlled by alleged swindler Allen Stanford.



The receiver charged with recovering assets for Stanford investors, had asked the court to allow the public auction of dozens of parcels of properties in the continental United States and the US Virgin Islands.



Mr Stanford and four others face criminal and civil charges for defrauding investors in a US$7 billion Ponzi scheme involving certificates of deposit at his offshore bank on Antigua.



However they have all denied any wrongdoing.