Judge Acquits Ex-Stanford Employees in Shred Case

Friday, 12 Feb 2010 04:02 PM

 

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A federal judge has ordered the acquittal of two former employees of disgraced financier Allen Stanford on charges that they illegally shredded thousands of company documents.

U.S. District Judge Richard W. Goldberg cited insufficient evidence Friday in Miami in the case against ex-Stanford employees Thomas Raffanello and Bruce Perraud. The judge's order came on the second day of jury deliberations.

Raffanello and Perraud faced up to 50 years in prison if convicted of conspiracy, document destruction and other charges.

Defense attorneys had argued that all records were backed up electronically.

Raffanello was previously chief of Miami's Drug Enforcement Administration office.

Stanford is awaiting trial in Houston.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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