'You, sir, are a dirty, rotten, scoundrel’: Victim of disgraced financier Allen Stanford addresses man who defrauded investors out of $7billion as he is sentenced to 110 years in prison Stanford was convicted in March of 13 or 14 counts of fraud He had been running his Ponzi scheme for two decades Prosecutors sought maximum sentence of 230 years Stanford was once considered 605th richest man in the world Organized series of high-paying cricket matches between England and a Caribbean side Fellow Ponzi schemer Bernard Madoff is serving 150-year prison term By SNEJANA FARBEROV and BOB GRAHAM PUBLISHED: 13:34 EST, 14 June 2012 | UPDATED: 16:53 EST, 14 June 2012 Former Texas tycoon R. Allen Stanford was sentenced on Thursday to 110 years in prison for orchestrating one of the largest Ponzi schemes in U.S. history that had defrauded investors out of $7 billion in the course of 20 years. Stanford’s glittering billionaire innings that led to ...
COViSAL is formed by families who lost their life savings when Stanford Financial Group was seized by the U.S. authorities in February of 2009. We demand immediate restitution from the U.S. Government. Our rights must prevail over judicial manipulations, and good conscience must be the instrument to impart justice and stop a never-ending fraud. The nature of the work of COViSAL, since 2009, is research, information, and dissemination. It should NOT be interpreted as legal advice.