It didn’t take long for a federal jury to convict R. Allen Stanford of 13 counts of fraud in a $7 billion Ponzi scheme. Last week, the 62-year-old Texas financier was sentenced to 110 years in prison for a two-decade con that netted 30,000 victims in 113 countries. Even while being sentenced, Mr. Stanford maintained his innocence. He insisted that “in his heart” he did not author, control or profit from a Ponzi scheme. He’s entitled to his opinion, of course, but the federal jury has spoken and a judge gave him a sentence to match the scale of his crimes. More in the Pittsburgh Post-Gazette here.
