R. Allen Stanford, the indicted Texas investor accused of running a multibillion dollar fraud has dropped his suit against Justice Department officials and other federal authorities whom he claimed infringed on his constitutional rights, Talking Points Memo reported Thursday.
In his suit, filed in February, Stanford alleged that members of the DOJ, FBI and Securities and Exchange Commission engaged in “abusive law enforcement,” according to The New York Times. He asked for $7.2 billion.
The suit, which a federal judge dismissed Monday, could be brought again. Stephen R. Cochell, Stanford’s lawyer, wrote in a court filing that allegations in the suit “will be preserved without pursuit of this case at this time,” according to TPM.
Stanford is currently at Butner, N.C., prison, TPM said. He was not granted bail after his 2009 indictment, according to The Times.
