Stanford Gets 110 Years For Role In $7b Swindle

Allen Stanford

Former jet-setting Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history.

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Topics:  allen stanford   jail   ponzi scheme   prison   sentencing   swindler   texas   tycoon   
  • Stanford gets 110 years for role in $7B swindle
    HOUSTON — Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades. An apology was not one of them.
    06/13/2012 - 11:40 pm | View Link
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  • Allen Stanford
    Early years. Stanford grew up in Mexia, Texas. His father, James Stanford, is former mayor of Mexia and a member of the Board of Directors of Stanford Financial Group.
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