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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.
Jun 10, 2022 · Learn about Allen Stanford, an American/Antiguan financier who ran a $7 billion fraud scheme involving certificates of deposit. Find out how he rose to riches, was arrested, and is serving a 110-year sentence.
Jun 14, 2012 · R. Allen Stanford, the former chairman of Stanford International Bank, was convicted of orchestrating a 20-year investment fraud scheme that misappropriated billions from depositors. He was sentenced to 110 years in prison and ordered to pay a $5.9 billion money judgment in 2012.
Releasing convicted fraudster Allen Stanford from prison after he’s served only 13 years of his 110-year sentence would be entirely inconsistent with federal sentencing policy, according to Judge David Hittner in Houston.
- hbarker@bloombergindustry.com
- Legal Reporter
Sep 20, 2021 · A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the...
Feb 20, 2019 · The SEC shut down R. Allen Stanford's operations 10 years ago this week. As with Madoff, it missed warning signs of the $8 billion fraud for years.
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Mar 7, 2012 · Allen Stanford, the pseudo-financier from Mexia, Texas, was convicted Tuesday of managing a seven-billion-dollar Ponzi scheme that defrauded investors over twenty years.