Allen Stanford Attorney Thomas Sjoblom Withdrew Days Before SEC Fraud Charge

03/21/2009 05:12 am ET | Updated May 25, 2011

R. Allen Stanford spent the weeks before the SEC charged him with fraud assuring clients that their money was safe. His Washington, D.C.-based lawyer, meanwhile, was
disavowing everything he had previously told authorities.

Just days after Thomas Sjoblom, of the law firm Proskauer Rose, stepped down, federal authorities pounced, according to Bloomberg.

"The attorney's withdrawal is a massive red flag" that "screams fraud," said Peter Henning, who teaches criminal and securities law at Wayne State University in Detroit. "If the SEC hadn't turned up the heat by that point, it did then."

For the Seven Most Shocking Stanford Suprises, check here.

For more on Stanford's political donations, check here.

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