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Ponzi Schemer Stanford Gets 110 Years

Texas financier called 'ruthless predator' by prosecutors

By John Johnson,  Newser Staff

Posted Jun 14, 2012 12:33 PM CDT

(Newser) – R. Allen Stanford's epic fall from billionaire to imprisoned fraudster came to a conclusion today as a judge sentenced him to 110 years in prison, reports the Wall Street Journal. Stanford was convicted in March of bilking investors in a $7 billion Ponzi scheme...   Read full story »

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