Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, June 14, 2012

Stanford Gets 110 Years for Ponzi Scheme

Allen Stanford was sentenced to 110 years for running a $7 billion Ponzi scheme that fleeced 30,000 investors.  A jury convicted him of 13 out of 14 counts for the fraud, but at his sentencing Stanford continued to proclaim his innocence and blame the government for ruining his business.

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

http://lawprofessors.typepad.com/securities/2012/06/stanford-gets-110-years-for-ponzi-scheme.html

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