Allen Stanford's Former Security Chief Claims Vindication in Acquittal

Shedd noted that many DEA agents, both retired and on-duty, attended the trial to show support for Raffanello, as did other law enforcement officers.

"There was a constant coming and going," said Shedd. "There was a point in time where we had all the benches full."

Alleged Ponzi Scheme

The defendants worked for "Sir" Allen Stanford, who is charged with fraud, conspiracy and obstruction in a 21-count federal indictment. If convicted, Stanford faces a maximum sentence of 250 years. Stanford surrendered to the FBI in Virginia in June 2009 and has pled not guilty. The government of the Caribbean island nation of Antigua, which had knighted Stanford in 2006, stripped him of his knighthood and his "Sir" in October 2009.

Authorities say Stanford and his alleged co-conspirators engaged in a scheme to defraud investors who purchased approximately $8 billion of CDs from the Stanford International Bank, an off-shore entity based in Antigua. Stanford and his co-defendants are accused of misusing and misappropriating most of their investment assets.

The indictment alleges that Stanford and his associates falsely claimed that the bank's assets had grown from $1.2 billion in 2001 to $8.5 billion by December 2008. The bank also allegedly made thousands of dollars in bribes to the former head of Antigua's Financial Services Authority to ensure the bank was not audited.

The Securities and Exchange Commission also filed a civil complaint alleging Stanford ran a fraud promising investors impossible returns, much like Bernard Madoff's $65 billion alleged Ponzi scheme.

In April 2009, Stanford told ABC News in an exclusive interview that he expected to be indicted soon, but denied that he had run any sort of Ponzi scheme.

"I would die and go to hell if it's a Ponzi scheme," Stanford said in reaction to the civil allegations from the SEC that he bilked thousands of customers in a scheme involving "self-styled certificates of deposits" with "improbable" rates of return.

'Baloney, Baloney'

"Baloney. Baloney," Stanford told ABC News. "It's not a Ponzi scheme . If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?"

In August, Stanford's former chief financial officer James Davis pled guilty to conspiracy to commit mail, wire and securities fraud, mail fraud, and conspiracy to obstruct a SEC investigation, in relation to the alleged scheme.

Davis' plea agreement brought forth bizarre details about the case, including the allegation that Stanford entered into a "blood oath" with Antiguan bank officials.

The plea agreement alleged that Stanford and Leroy King, the former administrator and CEO of Antigua's Financial Services Authority, participated in the brotherhood ceremony together with another employee of the Financial Services Regulatory Commission.

"This brotherhood oath was undertaken in order to extract an agreement from both King and the other FSRC employee that they, in exchange for regular cash bribe payments by Stanford to King and the other FSRC employee, would ensure that the Antiguan bank regulators would not 'kill the business' of SIBL," the agreement reads. It also said that Sanford's alleged fraud dates back to 1990.

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