Allen Stanford Guilty on 13 of 14 Counts
Allen Stanford: Guilty, 13 times over.
A federal jury has found Allen Stanford guilty on 13 of the 14 financial fraud counts he was facing, according to tweets from reporters at the federal courthouse.
The verdict ends a long trial against the onetime kingpin Houston financier, who spent millions on cricket and Caribbean resorts but who, according to prosecutors, ran a $7 billion Ponzi scheme.
The jury had earlier told U.S. District Judge David Hittner they could not reach a unanimous verdict on all 14 counts against Stanford; he sent them back to deliberations.
The instructions to the jury in the complicated case were 44 pages long.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Houston Press' biggest stories.
- Game Control: Just How Overwhelmed Have The 2015 Houston Texans Been?
- Report: Antiabortion Law Leads to Longer Wait Times at Clinics
- Harden 2.0: How James Harden Became Houston’s Biggest Crossover Sports Celebrity