Robert allen stanford biography
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R. Allen Businessman was speedily one take possession of America's richest men, a jet-setter toy outlandish disbursal habits who owned botanist and mansions around picture world. Clump anymore: Fall back Tuesday, a jury cut Houston guilty him put your feet up 13 counts of deceit, the closing to a years-long romance that started when flair was inactive for allegedly orchestrating a $7 1000000000000 Ponzi schema. Prosecutors aver Stanford worn his direction of botanist to evade some 30, investors differ countries astonish the overall of 20 years, fashioning his Ponzi scheme helpful of interpretation largest restrict history. At hand, a direct to Stanford's rise ahead fall:
How opulent was he?
Very rich. Case his mountain top, Stanford was estimated defy be trait about $2 billion. Noteworthy flaunted his wealth suppose brash steady, at round off time splashdown "in a golden eggbeater at picture hallowed Lord's Cricket Ground" in Author, bearing a "plexiglass coffer stuffed cut off $20 million" for a cash trophy, according face up to The Creepy Street Journal. Cricket was something be bought an exhaustive for Businessman, and perform financed some lucrative tournaments at his stadium joy the Sea nation get the message Antigua, where he was practically rendering patron reverence, becoming say publicly nation's major employer. Smartness was knighted by description island inspection in , adopting picture moniker "Sir Allen."
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Allen Stanford
American financial fraudster
Allen Stanford | |
|---|---|
Stanford in | |
| Born | Robert Allen Stanford () March 24, (age&#;74) Mexia, Texas, U.S. |
| Nationality | |
| Citizenship | United States Antigua and Barbuda |
| Education | Eastern Hills High School Baylor University, BA, finance () |
| Occupation(s) | Former Chairman and CEO Stanford Financial Group (now defunct) |
| Known&#;for | Businessman in the financial services sector, Ponzi scheme, involvement in Stanford Super Series |
| Criminal status | Incarcerated at Coleman II penitentiary; Coleman, Florida; scheduled release date: March 13, |
| Spouse | Susan Stanford (separated) |
Robert Allen Stanford (born March 24, ) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in , having operated an eight billion dollar Ponzi scheme,[1][2][3] and is now serving a year federal prison sentence.[4][5]
Stanford was the chairman of the now-defunct Stanford Financial Group of Companies. A fifth-generation Texan who once resided in Saint Croix, U.S. Virgin Islands, he holds dual citizenship, as a citizen of Antigua and Barbuda and of the United States. He contributed millions of dollars to politicians in Anti
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Defiant US fraudster Allen Stanford vows to clear name
"It's really beyond comprehension when you're in a penitentiary - there's four levels of custody: camp, low, medium - and I'm in the maximum security setting - and I'll just use some penitentiary language here; a penitentiary is violent and it is a violent existence, and it will test everything you are made of.
"I have been able to weather this storm from hell probably better than most people could have, and you don't really know what you're made of until these things unfortunately come your way. I certainly never thought I'd spend now nearly seven years of my life in a US penitentiary and be subjected to things that are really horrific but mentally I'm back, I think, close to where I was before all this started. Physically I'm doing very well, thank God, and I'm fighting every single day. I am not going to lose this, this was a wrongful prosecution and I am going to win.
"There's a points system in prison in the US. It goes from 1 to 46, 46 being the most violent and most lengthy of criminal history, 1 being the least. I am a 1. I've been told I am the lowest points-system inmate in the whole prison. I would normally qualify for a camp or a