Allen Stanford jailed for 110 years for $7bn Ponzi scheme
Disgraced tycoon Allen Stanford has been sentenced to 110 years in jail for operating a Ponzi scheme that defrauded investors of more than $7bn (£4.5bn).
The scheme was described as one of the largest in US history.
In court, Stanford denied any guilt, telling the judge at his sentencing hearing: "I did not defraud anybody."
Tom Esslemont reports.
15 Jun 2012
- From the section US & Canada