While Greece and Spain were grabbing the financial headlines last week, two other high-profile financial stories were also getting a lot of attention for very different reasons. The first concerned the disgraced financier Allen Stanford, who was sentenced to 110 years without parole by a court in Houston for running a $7 billion Ponzi scheme, which wiped out the life savings of many of his investors. The second was that Shane Filan, a member of the boy band Westlife, had filed for bankruptcy because of the failure of his Irish property development company. More on MSNBC here.
