Friday, June 15, 2012
Allen Stanford
The former Texas tycoon was convicted of 13 counts of fraud and sentenced yesterday to 110 years in jail. He bilked his investors of $7 billion over 20 years running his ponzi scheme. Of course he claims that he didn't do anything wrong. I guess that he felt that he was entitled to their money for some reason. Well he penniless now and will spend the rest of his life in jail.
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