Stanford Had a Castle, Fleet of Planes
Paternity-suit docs reveal lifestyle of the rich and fraudulent
By Kevin Spak,  Newser Staff
Posted Feb 20, 2009 1:59 PM CST
Customers of Stanford Bank walk outside one of its offices in Caracas, Thursday, Feb. 19, 2009.   (AP Photo/Carlos Hernandez)
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(Newser) – Say this for Sir Allen Stanford: He knew how to live large. The alleged fraudster once lived in his own Florida castle, complete with moat, and owned, among other baubles, $100 million worth of airplanes, Bloomberg reports. Those assets and others are detailed in court documents from a paternity case filed by Louise Sage Stanford, the mother of two of Stanford’s children.

Though she took his name, Louise and Stanford never married, but he never contested paternity. “Needless to say, the children do not fly commercially,” said one of her lawyers in a court filing. Stanford lived with Louise and the children, first in the castle and then in other equally lavish digs, for years, and now pays $850,000 a year to support their “privileged and luxurious lifestyle," documents show.