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Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme , [ 1 ] [ 2 ] [ 3 ] and is now serving a 110-year federal prison sentence.
Disgraced Texas financier R. Allen Stanford was beaten up in jail and needed to be hospitalized over the weekend, according to several media sources. After being treated for minor injuries ...
A federal judge ordered an end to the U.S. Securities and Exchange Commission's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two former ...
And for Stanford, it was a long, rocky slide from billionaire financier Sir Allen Stanford, to just Allen Stanford, and, finally, to inmate No. 35017-183. Hard times There were signs early in ...
Allen Stanford traced his company to the insurance company founded in 1932 in Mexia, Texas, by his grandfather, Lodis B. Stanford. [6] [7] However, there was no direct connection between the insurance company and Allen Stanford's banking business, which he started on the British Overseas Territory of Montserrat in the West Indies in the 1980s. [8]
If ever there was a public service announcement against financial fraud, it's the picture of former Antiguan financier and playboy R. Allen Stanford, all 6 feet 4 inches of him, face battered and ...
"Allen Stanford: The Dark Knight" October 10, 2012 ( 2012-10-10 ) Allen Stanford, convicted in 2012 for using a Ponzi scheme to scam $7 billion from investors, receives 110 years in federal prison, and is also knighted by the government of Antigua and Barbuda for donations to the ruling party's campaigns.
R. Allen Stanford (2012) Criminal charge: Fraud. Sentence: 110 years. Once one of the wealthiest people in the country, Allen Stanford was convicted on 13 of 14 charges of selling $7 billion in ...