Jurors in the R. Allen Stanford fraud case reached a verdict Tuesday afternoon on all 14 counts against Stanford.
Previously, jurors were not able to unanimously agree upon some of the verdicts.
In a Houston courtroom Tuesday afternoon, Stanford was found guilty on all counts, except one; he was found not guilty on count two, which was wire fraud.
Stanford glanced at his family, while his relatives had their arms around each other, comforting one another as the verdicts were read.
News 92 FM’s Pattie Shieh sent updated information via email from the courtroom housing the Stanford trial and added that jurors awaited word to see if they would hear additional information and direction about additional proceedings pertaining to case.
In regard to Stanford, there is the civil matter about the forfeiture of funds.
Shieh also added from the Downtown Houston courtroom that Stanford went into conference with his legal team, which decided the civil jury matter regarding forfeiture of funds will begin at 1:30 p.m. (CST) Tuesday. The hearing is expected to take two hours from prosecution.
One former investor of Stanfords, spoke to media outlets and called the verdict, “a relief”.
Kassie Wilkins, a former investor of Stanford’s, did not share with the media how much money she lost, but she did say that she “no longer felt like a fool”.