Footage offers rare glimpse of Stanford before arrest - WMC Action News 5 - Memphis, Tennessee

Footage offers rare glimpse of Stanford before arrest

(WMC-TV) - In Houston, Texas Wednesday, the prosecution rested its case in the fraud trial of tycoon R. Allen Stanford.  

In the courtroom for the proceedings is a Texas videographer who is putting together a documentary, and some of the material was shot in Memphis.

From public speeches to casual moments of Stanford, the clips are part of a collection Houston videographer Dave Henry has of Stanford and his associates.

Henry worked for Stanford's company and found himself in possession of hours worth of what was boring file video, until the billionaire's fall from grace.

Now, Henry has his hands on rare documentary footage, including clips filmed at the company's East Memphis office.

Prosecutors spent three weeks presenting more than a dozen witnesses in support of their claims Stanford bilked investors out of more than $7 billion in a Ponzi scheme centered on the sales of certificates of deposit from his Caribbean bank on the island nation of Antigua.

North Mississippi resident and former Stanford Chief Financial Office James Davis is the prosecution's star witness.  As the defense begins its case, the documentary is beginning to take shape.

Wednesday, Stanford's attorneys asked the judge to dismiss all charges against him, claiming the prosecution failed to make their case.  They were denied.

His attorneys claimed the financier's business empire was legitimate and accused Davis of being the mastermind of the alleged fraud.

Stanford's attorneys have previously said the financier planned to testify.

Copyright 2012 WMC-TV. All rights reserved.  The AP contributed to this report.

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