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February 19, 2009

Posted by Martin Williamson on 02/19/2009 in Stanford Super Series

Just as Sir Allen thought it couldn't get any worse





Allen Stanford with the first instalment of his spousal support © Getty Images
It is not just the USA federal agents who would like to know the whereabouts of Allen Stanford right now. His estranged wife, Susan, is also wondering what has happened to him, after the date of their divorce hearing, scheduled for 9am local time today, had to be postponed,

An attorney for Mrs Stanford told ABC News that the rescheduling had nothing to do with the recent revelations, but nevertheless, the timing is sure to raise one or two eyebrows. And, in the light of her husband's financial meltdown, she might wonder what will be left for her after the settlement is finally agreed.

Among the conditions of the divorce, according to the temporary orders filed on May 29, 2008, Robert (sic) Stanford must pay Susan Stanford $100,000 a month in spousal support. In addition, he will provide expenses and coverage for a 2004 model Mercedes G55, a 2008 Mercedes S63, and a 1998 Porsche Boxter.

The expenses for Susan's residence in Holly Springs are also meant to be covered, plus the costs of her condo in Kirby, Huntington, which is currently in the temporary possession of their daughter, Randi. She is also to be given access and use of her husband's corporate jets, yacht, the Friar Hills estate in Antigua, and all Stanford company tickets, including the Stanford suite at Toyota Center.

Never mind the SEC investigation, with those sorts of demands, it's little wonder that Stanford has gone into hiding.

 
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