Thursday, February 14, 2013
Former Stanford Execs Get 20-Year Sentences for Role in Ponzi Scheme
Two former executives of Stanford Financial Group were sentenced today for their roles in Allen Stanford's Ponzi scheme. The former chief accounting officer, Gilbert Lopez, and former controller, Mark Kuhrt, each received sentences of 20 years in prison. A jury convicted them on numerous fraud counts last November.
NYTimes, Ex-Stanford Executives Get 20 Years Over Roles in $7 Billion Fraud