Former tycoon Stanford jailed for 110 years

Former Texas billionaire R Allen Stanford has been sentenced to 110 years in prison for orchestrating one of the largest Ponzi schemes in US history.

Thu, 14 Jun, 2012 - 19:40

Former Texas billionaire R Allen Stanford has been sentenced to 110 years in prison for orchestrating one of the largest Ponzi schemes in US history.

The sentence was handed down by a US District Judge in Houston today.

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