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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.
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...
Jun 14, 2012 · A federal jury in March convicted R. Allen Stanford of 13 out of 14 counts of fraud in connection with a worldwide scheme over more than two decades.
Jun 14, 2012 · The Texan banker and cricket sponsor was convicted of operating a massive fraud that defrauded thousands of investors. He denied any guilt and blamed his former chief financial officer, while victims spoke of their losses in court.
Mar 6, 2012 · WASHINGTON – A Houston federal jury today convicted Robert Allen Stanford, the former Board of Directors Chairman of Stanford International Bank (SIB), for orchestrating a 20-year investment fraud scheme in which he misappropriated $7 billion from SIB to finance his personal businesses.
