R. Allen Stanford, the Stanford Group founder who was accused of leading a $7 billion investor fraud scheme, can pay for his defense costs with proceeds from his corporate insurance policy.

A U.S. District Court Judge made the ruling, saying that it is in the interest of fairness to allow directors and officers to access insurance proceeds to which they are entitled for several reasons.

Stanford’s Lloyd’s of London directors’ and officers’ coverage is said to be worth about $50 million.