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Sir Allen Stanford, the former cricket-backing financier accused of an $8 billion (£5.4 billion) fraud, tried to turn himself in late last night but was refused because there is no warrant for his arrest.
Stanford and his lawyer Dick DeGuerin walked from the attorney's office in Houston, Texas, to the federal courthouse and DeGuerin told a woman at the US Marshal's office that they wanted to "surrender [Stanford] into custody." He added: "We're doing this to show he's not running."
The Securities and Exchange Commission has accused Stanford of running a pyramid scheme.
Stanford's companies - based in Houston - were shut down and placed in receivership in February. The SEC alleges investors in certificates of deposits were paid with proceeds obtained from new investors.
Stanford has denied the allegations and said if there was fraud, he wasn't involved in it. "I'm going to fight this thing with everything in me," he said.
Stanford has moved from the Caribbean to a flat in Houston.
