Tag Archives: Ponzi scheme

Another Ponzi Schemer Gets 110 Years

110. And you?

One less dirty, rotten scoundrel off the street as another Ponzi scheme mastermind gets 110 years in prison. See ya, R Allen Stanford, nice knowing you. The prosecutor said “From beginning to end, he treated all of his victims as roadkill.” Ouch! It is estimate that Mr Stanford swindled about $7 billion from his clients using fraudulent high-interest certificates of deposit at his Stanford International Bank in Antigua. Hmm, so 110 years, not even Manson got that!!!

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