Allen Stanford jailed for 110 years for $7bn Ponzi

Allen Stanford jailed for 110 years for $7bn Ponzi

Allen Stanford had blamed a former chief financial officer

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.

But after the collapse of his agreement to stage Twenty20 cricket in England, his financial empire began to crumble amid investigations by US regulators.

Forbes Magazine listed him as the 605th richest man in the world in 2006.

However, since his arrest in 2009 he has spent three years in detention after being denied bail.

Shifting blame

Stanford's Ponzi scheme centred on his banking operation based in the Caribbean island nation of Antigua.

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

Views: 91

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Sandy posted a video

EPSTEIN MAXWELL HIDDEN DOCUMENTARY

Real Time Intel Exclusively On Telegram t.me/brainwashed444
28 minutes ago
Less Prone favorited Sandy's video
4 hours ago
Less Prone favorited tjdavis's video
4 hours ago
Less Prone posted a video

Sydney Sweeney Has Great Jeans - Outrage AI Parody Song

AI Parody Music Video poking fun at the online hysteria surrounding Sydney Sweeney's American Eagle jeans campaign.✅ Blue jeans✅ Blonde panic✅ DEI gone wild✅...
4 hours ago
tjdavis posted a video

How "Free" P*rn Sites Really Work (and Who Runs Them)

Excerpt from This Past Weekend w/ Theo Von #559 Laila MickelwaitFull Episode: https://youtu.be/9J7187j4PO4?si=2GUNymssKJpe6nEvFind Theo Von:Website: https://...
14 hours ago
tjdavis posted a blog post
15 hours ago
Doc Vega posted blog posts
21 hours ago
Doc Vega commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"I've had my account with YouTube terminated before over bullshit excuses because they…"
23 hours ago
Doc Vega commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"Remember, though he makes his points, this man used the Beatles White Album as his own manifesto of…"
23 hours ago
Sandy posted videos
Monday
Sandy posted a photo
Monday
Sandy commented on Sandy's video
Sunday
Sandy posted a video
Sunday
cheeki kea posted a photo
Jul 30
Burbia posted a video

Strange Videos That Expose Something Massive

#disturbing #video #strange #scary #scaryvideos #strangevideos This is a compilation of the most disturbing videos on the internet, not only...
Jul 30
Doc Vega posted blog posts
Jul 29
Burbia commented on Burbia's video
Jul 29
Burbia posted a video

SUPEROLA & THE LOST BURGERS

This Game is RUBBISH !
Jul 29
pohonemas33 team commented on tjdavis's photo
Thumbnail

DejaVu

"nice very goodjob, i wish you can visit official situs pohonemas33"
Jul 26
Sandy posted a photo
Jul 26

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted