Another 100+ Years for a Ponzi Schemer

Allen Stanford was facing up to 230 years for bilking investors out of $7 billion in one of the largest frauds in US history.  As a reminder, Bernie Madoff, the most famous name in Ponzi schemes aside from Charles Ponzi himself, received a sentence of 150 years for his $20 billion fraud.  So in the interest of parity, it makes sense that Stanford got a lesser sentence, of 110 years.

A prior post found here has more information regarding Stanford’s crimes and Ponzi schemes in general.

Permanent link to this article: http://betweenthenumbers.net/2012/06/another-100-years-for-a-ponzi-schemer/

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