All Posts Tagged Tag: ‘Ponzi schemes’

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 …

Read More