(Adds comment from receiver, location of interview)

HOUSTON, April 6 (Reuters) - Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, expects to be indicted by a federal grand jury in the next two weeks, according to an ABC News interview released on Monday.

Stanford, whom ABC said cried during the interview, also denied running a Ponzi scheme. The U.S. Securities and Exchange Commission has filed civil charges against Stanford, two of his top aides and three of his companies of a long-running Ponzi scheme using high-yield certificates of deposit issued by his bank in Antigua.

"I would die and go to hell if it's a Ponzi scheme," Stanford told the television network in an interview that took place late last week in Houston. "If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?"

In a Ponzi scheme, early investors are paid returns from funds with later investors.

Stanford, a high-flying sports patron with luxury homes in the Caribbean, Texas and Florida, told a federal court in Dallas he has been unable to hire an attorney to represent him because his accounts have been frozen by a court-appointed attorney.

He has been in talks with well-known Houston criminal lawyer Dick DeGuerin to put together a team to handle the civil and possible criminal charges, DeGuerin told Reuters last month.

INVESTORS' FUNDS FROZEN

Stanford clients are battling in courts as well. Investors who have $1.7 billion in funds frozen by a court-appointed attorney in the Stanford Group Co fraud case asked an appeals court on Monday to release their accounts.