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1. • $7bn

     • 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).
     www.bbc.com/news/world-us-canada-18450893

     Allen Stanford jailed for 110 years for $7bn Ponzi - BBC News

2. People also ask

   What was Allen Stanford's $7 billion Ponzi scheme?

   • Allen Stanford’s $7 billion Ponzi scheme was one of many such schemes to fall apart within the past five years. $7 billion was the amount defrauded in this scheme.

   Majority of funds recovered in Stanford Ponzi scheme spent by receiver

   publicintegrity.org/inequality-poverty-opportunity/majority-of-funds-recovered-in-stanford-ponzi-scheme-spent-by-receiver/

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   How much money did a receiver pay for Stanford's Ponzi scheme?

   • REUTERS/Richard Carson/File Photo Purchase Licensing Rights 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 Madoff's fraud, the receiver's lawyers said on Monday.

   Allen Stanford's Ponzi scheme recovery tops $1 billion

   www.reuters.com/business/finance/allen-stanfords-ponzi-scheme-recovery-tops-1-billion-2021-09-20/

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   How much money did Stanford owe?

   • The jury also found that 29 financial accounts located abroad and worth approximately $330 million were proceeds of Stanford’s fraud and should be forfeited. Stanford was sentenced by U.S. District Judge David Hittner.

   Office of Public Affairs | Allen Stanford Sentenced to 110 Years in

   www.justice.gov/opa/pr/allen-stanford-sentenced-110-years-prison-orchestrating-7-billion-investment-fraud-scheme

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   How much money has Allen Stanford recouped for ponzi scam victims?

   • Efforts to compensate victims of Ponzi fraudster Allen Stanford have recouped more than $1bn, lawyers for a court-appointed receiver have revealed. The milestone was hailed as a "significant achievement" - 12 years after the Texan former tycoon's scam was exposed.

   $1bn recovered for victims of Allen Stanford Ponzi scheme - 12 years

   news.sky.com/story/1bn-recovered-for-victims-of-allen-stanford-ponzi-scheme-12-years-after-scam-exposed-12413191

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   What happened at Stanford International Bank?

   • A federal jury in March convicted Mr. Stanford of running an international scheme over more than two decades in which he offered fraudulent high-interest certificates of deposit at the Stanford International Bank, which was based on the Caribbean island of Antigua.

   Stanford Sentenced to 110-Year Term in $7 Billion Ponzi Case

   www.nytimes.com/2012/06/15/business/stanford-sentenced-to-110-years-in-jail-in-fraud-case.html

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   Did Allen Stanford really invest $2 billion in real estate?

   • Allen Stanford did.” But the prosecutors contended that while Mr. Stanford told his clients that their CDs were insured and that the money he invested went into safe financial instruments, he was actually diverting it to his own real estate and private ventures, using more than $2 billion to finance his lifestyle.

   Stanford Sentenced to 110-Year Term in $7 Billion Ponzi Case

   www.nytimes.com/2012/06/15/business/stanford-sentenced-to-110-years-in-jail-in-fraud-case.html

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3. news.sky.com › story › 1bn-recovered-for-victims-of$1bn recovered for victims of Allen Stanford Ponzi scheme ...

   news.sky.com › story › 1bn-recovered-for-victims-of

   • Cached

   Sep 20, 2021 · As of 29 April, he had received court approval to return about $550m to victims, and had distributed $443m. Mr Janvey is involved in litigation over further attempts to recover money including a $4bn lawsuit against five banks, among them HSBC and Societe Generale.

4. www.justice.gov › opa › prAllen Stanford Sentenced to 110 Years in Prison for ...

   www.justice.gov › opa › pr

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   Jun 14, 2012 · As part of Stanford’s sentence, the court also imposed a personal money judgment of $5.9 billion, which is an ongoing obligation for Stanford to pay back the criminal proceeds. The court found that it would be impracticable to issue a restitution order at this time.

5. www.reuters.com › business › financeAllen Stanford's Ponzi scheme recovery tops $1 billion

   www.reuters.com › business › finance

   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...

6. Videos

   • 

     10:14

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     How Allen Stanford Stole $7.2 Billion (& Got Away With It For 17 Years)

     8 Oct 2021

     102.4K views

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     9:39

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     Inside Look - Allen Stanford Indicted - Bloomberg

     19 Jun 2009

     5.5K views

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     1:07

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     Financier Stanford Convicted of Fraud

     6 Mar 2012

     4.8K views

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7. archives.fbi.gov › archives › houstonAllen Stanford Gets 110 Years for Orchestrating $7 Billion ...

   archives.fbi.gov › archives › houston

   • Cached

   HOUSTON—R. Allen Stanford, the former board of directors chairman of Stanford International Bank (SIB), has been sentenced to a total of 110 years in prison for orchestrating a 20-year investment...

8. www.nytimes.com › 2012/06/15 › businessStanford Sentenced to 110-Year Term in $7 Billion Ponzi Case

   www.nytimes.com › 2012/06/15 › business

   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.

9. publicintegrity.org › inequality-povertyMajority of funds recovered in Stanford Ponzi scheme spent by ...

   publicintegrity.org › inequality-poverty

   Oct 10, 2013 · When 18,000 people got fleeced in Allen Stanford’s $7.2 billion Ponzi scheme, the court appointed a receiver in 2009 to recover as much money as possible from Stanford’s failed companies to return to investors.

10. www.investopedia.com › terms › sAllen Stanford: Who he is, Backstory, Financial Impact

    www.investopedia.com › terms › s

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    Jun 10, 2022 · Allen Stanford was convicted of selling $7 billion in fraudulent certificates of deposit (CDs) from his offshore bank, Stanford International Bank, on the island of Antigua in an...