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Allen Stanford jailed for 110 years
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Author:  MrStevenRogers [ Thu Jun 14, 2012 7:43 pm ]
Post subject:  Allen Stanford jailed for 110 years

Quote:
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).

The scheme was described as one of the largest in US history.

In court, Stanford denied any guilt, telling the judge at his sentencing hearing: "I did not defraud anybody."

A Texan banker, Stanford rose to prominence outside the US when he bankrolled international cricket competitions in the UK and Caribbean.


http://www.bbc.co.uk/news/world-us-canada-18450893

i can think of a couple or three other bankers that should be doing the same amount of time ...

Author:  l3v1ck [ Thu Jun 14, 2012 7:48 pm ]
Post subject:  Re: Allen Stanford jailed for 110 years

+1 to that.
The scale of the theft is almost unbelievable.

Author:  AlunD [ Fri Jun 15, 2012 5:59 am ]
Post subject:  Re: Allen Stanford jailed for 110 years

what's the point of 110 years? 30 years and he'll be dead anyway ......... :roll: Just say life

Author:  Spreadie [ Fri Jun 15, 2012 10:37 am ]
Post subject:  Re: Allen Stanford jailed for 110 years

AlunD wrote:
what's the point of 110 years? 30 years and he'll be dead anyway ......... :roll: Just say life

110 years means he won't be eligible for parole, before he dies? If he got 30 years, he might be out in 10 or 15.

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