All Posts Tagged Tag: ‘allen stanford’

Allen Stanford Sentenced to Life – And Then Some

Allen Stanford, the man convicted of fraud in a ponzi scheme that saw $7 billion dollars go down the drain, has been sentenced to 110 years in prison, Business Insider reports. The sentence comes down after a five week trial and four days of deliberation that found the ponzi schemer guilty on 13 counts, including conspiracy, mail and wire fraud, …

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Ponzi Schemer Allen Stanford Blames Twitter For Conviction

Earlier this month, Allen Stanford was convicted on 13 out of 14 counts relating to a giant Ponzi scheme that he’d been running for the past two decades. As chairman of the Stanford Financial Group, Stanford reportedly committed $7 billion dollars worth of fraud, a staggering figure that really only compares to that other famous Ponzi schemer. Now he wants …

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