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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.
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 ...
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]
"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.
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 ...
Accused Ponzi schemer Allen Stanford, whose attorney says he is unfit to stand trial on allegations of fraud, will be examined by a government psychiatrist. Federal prosecutors asked for the ...
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Laura Pendergest-Holt (born July 23, 1973) is a convicted Ponzi scheme perpetrator, financier, and former chief investment officer of Stanford Financial Group, who was charged with a civil charge of fraud on February 17, 2009. [1]