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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. [4]
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...
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.
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.
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.
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).
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.
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.
