Allen Stanford's Daughter Gives Up Her River Oaks Condo

Allen Stanford's Daughter Gives Up Her River Oaks Condo

If you're in the market for a 2,800-square-foot condo in River Oaks and have an extra $1.3 million lying around, today's your day.

Unless that money came from an alleged Ponzi scheme, in which case you probably should remain in your one-bedroom Westbury apartment.

Randi Stanford, daughter of Galactic Commodore Allen Stanford (or whatever title he's currently using), has given up her fight to retain the River Oaks condo purchased with her father's money.

A receiver -- one who Randi accused of using "Gestapo-type tactics" in a bold bid to lessen sympathy even more for herself -- wants to sell the property to get some money to people who invested in Stanford's business and now can't afford River Oaks condos.

The official statement from the receiver, Dallas attorney Ralph Janvey:

Following the filing of a declaration of a forensic accountant with regard to the underlying facts concerning the purchase of the condo, counsel for the Receiver and counsel for Ms Stanford conferred and it was agreed that Ms. Stanford would move out of the condo by March 31, 2010, and the Receiver will proceed to market and sell that property in accordance with the Order regarding real estate sales.

Get those bids in now, kids! We're sure the place is tastefully decorated.


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