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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 · Allen Stanford is a former financier who was convicted of a Ponzi scheme in 2012. Stanford was convicted of a $7 billion fraud scheme involving certificates of deposit (CDs).
Jun 14, 2012 · WASHINGTON – R. Allen Stanford, the former board of directors chairman of Stanford International Bank (SIB), was sentenced today in Houston to a total of 110 years in prison for orchestrating a 20-year investment fraud scheme in which he misappropriated $7 billion from SIB to finance his personal businesses.
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 · Disgraced tycoon Allen Stanford has been sentenced to 110 years in jail for operating a Ponzi scheme that defrauded investors of more than $7bn (£4.5bn).
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.
