Stanford Now Adds Casino Gambling Debt To List Of Problems

The world of Allen Stanford was once one of a lavish lifestyle in which he flaunted his wealth. Lately, however, his world has come crashing down, and now the lawsuits against Stanford are piling up.

The latest attack on Stanford's reputation has come from a lawsuit filed by Bellagio LLC on behalf of their casino in Las Vegas. The suit claims that Stanford owes over a quarter of a million dollars in gambling debt.

When Stanford was living the good life, before he was accused of running a billion dollar Ponzi scheme, he would frequent the Bellagio in Las Vegas. The casino is looking to recover $258,480 in debt that Stanford allegedly ran up in January of 2008. The suit is also seeking eighteen percent interest on the debt.

Currently, Stanford is in jail just outside of Houston, Texas. He is awaiting trial on twenty-one charges related to the Ponzi scheme in which prosecutors claim he stole over $7 billion in all.

Stanford has denied any wrongdoing in the Ponzi case, and his lawyers have yet to answer the charges brought against him by Bellagio. He recently underwent surgery to deal with an aneurysm in his leg, but he is now back in jail awaiting trial.

Stanford has said that because his assets have been frozen by the federal government, he is now broke. He will need to come up with the funds to fight the case against him, which was filed in Nevada on Tuesday.

September 2, 2009
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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