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- Prosecutors say Stanford used his network of banks to bilk some 30,000 investors from 113 countries over the course of 20 years, making his Ponzi scheme one of the largest in history.
theweek.com/articles/477507/rise-fall-billionaire-ponzi-schemer-r-allen-stanfordThe rise and fall of billionaire Ponzi schemer R. Allen Stanford
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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] [5] Stanford was the chairman of the now-defunct Stanford Financial Group of Companies.
Sep 20, 2021 · Sept 20 (Reuters) - 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...
Mar 6, 2012 · By any standard, Stanford’s Ponzi scheme was massive. The chairman of Stanford Financial Group, an offshore bank based in Antigua, orchestrated the 20-year fraud by selling certificates...
Jan 11, 2015 · In 2009, U.S. officials charged that the billionaire's Stanford Financial Group was the front for a massive fraud. Stanford had allegedly told his wealthy customers that they were investing...
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 7, 2012 · Jurors agreed with prosecutors, who claimed he ran a global scheme that lasted more than 20 years and involved more than $7 billion in investments.
Jun 15, 2011 · According to its 2009 complaint, the SEC alleged that Allen Stanford operated a Ponzi scheme in which certain investors were sold certificates of deposit (CDs) issued by Stanford International Bank Ltd. (SIBL) through the Stanford Group Company (SGC).
