Swindler, Tycoon | featured news

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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