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Will Allen Stanford Walk?
| March 01, 2012 | 04:03 PM EST

Allen Stanford was arrested in 2009 for allegedly using $7 billion in other people's money to finance his jet-setter lifestyle, complete with planes, yachts and mansions. After more than 3 years in jail, a head injury sustained in a fight with another inmate, and a revolving door of at least a dozen lawyers, Stanford's trial finally began last month.

Stanford's lead defense attorney, Robert Scardino, said in opening arguments that Stanford would testify. But the defense has rested without Stanford taking the stand.

NetNet spoke with Richard Roth, white collar criminal defense attorney at the Roth Law Firm.

LRS: One of Stanford's former lawyers previously told NetNet that testifying in his own defense was probably Stanford's only chance. But he didn't take the stand. You think he might be acquitted?

Roth: The reason why testifying is a horrific idea is it's a game changer. For the jury the question goes from, is there reasonable doubt? to, do I believe the defendant? Look at former Illinois Governor Rod Blagojevich. At his first trial he didn't testify, and he got a hung jury. At the second trial he testified, and was convicted.

On the stand he gets cross-examined. So it's not, did the prosecution prove the case? It's, do I believe him?

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