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Bookmark or Share- Stanford Sentenced to 110-Year Term in $7 Billion Ponzi CaseA federal jury in March convicted R. Allen Stanford of 13 out of 14 counts of fraud in connection with a worldwide scheme over more than two decades.
- Office of Public Affairs | Allen Stanford Sentenced to 110 Years in ...WASHINGTON – R. Allen Stanford, the former board of directors chairman of Stanford International Bank (SIB), was sentenced today in Houston to a total of 110 years in prison for orchestrating a 20-year investment fraud scheme in which he misappropriated $7 billion from SIB to finance his personal businesses.
- Profile: Allen Stanford - BBC NewsAllen Stanford, the Texan billionaire found guilty of a $7bn Ponzi fraud, had a global profile stretching beyond the financial world.
- Allen Stanford Convicted In $7 Billion Ponzi Scheme - ForbesBut a Texas jury on Tuesday still found Stanford guilty of committing a $7 billion fraud, convicting him on 13 of 14 counts alleged by federal prosecutors. By any standard, Stanford’s Ponzi...
- Allen Stanford: Who he is, Backstory, Financial Impact - InvestopediaAllen Stanford is a former financier who was convicted of a Ponzi scheme in 2012. Stanford was convicted of a $7 billion fraud scheme involving certificates of deposit (CDs).
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