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Hosemann holding Stanford hearing

September 28th, 2009 No comments

Secretary of State Delbert Hosemann will hold a hearing next Monday at the Capitol in which alleged victims of Allen Stanford’s Ponzi scheme will testify before Hosemann, Kentucky Secretary of State Trey Grayson, who is the president of the National Association of Secretaries of State, and Dave Massey, the president-elect of the National Association of Securities Administrators.

The hearing is in room 113 of the Capitol and is scheduled to last from 1-2:30 p.m.

A press release from Hosemann’s office didn’t mention any details other than the victims’ testimony. Stanford has been in jail since he was indicted and denied bond on 21 charges, including fraud, as part of the Madoff-style financial funny business the federal government says bilked investors out of a total of $7 billion.

Stanford’s alleged victims probably smiled a little bit when news broke over the weekend that his time in the clink isn’t going well.

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