Allen Stanford Gets 110 Years, Despite Claiming Innocence
Why can't a visionary huckster financial genius whose only aim is to help the little people lead better lives get a break?
Cricket-loving Allen Stanford, Houston's second-best scammer after Enron, had proclaimed his innocence through an ever-changing series of attorneys representing him, but for some reason a federal jury chose to convict him of fraud.
Surely the judge would let him off easy, right? He did, if you consider it likely he'll live to be more than 172 years old.
U.S. District Judge David Hittner said, "This is one of the most egregious frauds ever presented to a trial jury in federal court" as he handed down the sentence today.
Rice Owls Mens Basketball vs. St. Thomas University Men's Basketball
TicketsWed., Dec. 21, 7:00pm
Advocare V100 Texas Bowl
TicketsWed., Dec. 28, 8:00pm
Rice Owls Mens Basketball vs. Middle Tennessee State Univ Blue Raiders Mens Basketball
TicketsThu., Jan. 5, 7:00pm
PRCA XTreme Bulls
TicketsFri., Jan. 6, 7:30pm
Angie Shaw, the Director and Founder of the Stanford Victims Coalition, said, "This was not a bloodless financial crime carried out on paper. It was and is an inconceivably heinous crime and it has taken a staggering toll on the victims. Innocent investors from around the world sacrificed and saved for decades to build a solid foundation for their futures. That foundation crumbled beneath them when the news of the Stanford Financial Group ponzi scheme became public. Many of the victims had lived the proverbial American Dream only to have it snatched away from them in the name of greed."
We're sure Stanford will be vindicated on appeal. Then again, we also think the Astros are on the verge of turning it around.
Get the ICYMI: Today's Top Stories Newsletter
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.