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WILL ALLEN STANFORD DIE IN PRISON ?
Allen Stanford Gets 110 Years for Orchestrating $7 Billion Investment Fraud Scheme   Bank Crime, Breaking News, Financial, Fraud, Press Release, White-Collar Crime   HOUSTON—R. Allen Stanford, the former board of directors chairman of Stanford International Bank (SIB), has been sentenced to a total of 110 years in prison for orchestrating a 20-year investment fraud scheme in which he misappropriated $7 billion from SIB to finance his personal businesses.
The sentencing was announced by Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division; U.S. Attorney Kenneth Magidson of the Southern District of Texas; FBI Assistant Director Kevin Perkins of the Criminal Investigative Division; Assistant Secretary of Labor for the Employee Benefits Security Administration Phyllis C. Borzi; Chief Postal Inspector Guy J. Cottrell; and Chief Richard Weber, Internal Revenue Service-Criminal Investigations (IRS-CI).
Stanford, 62, was convicted on 13 of 14 counts by a federal jury following a six-week trial before U.S. District Judge David Hittner and approximately three days of deliberation. The jury also found that 29 financial accounts located abroad and worth approximately $330 million were proceeds of Stanford’s fraud and should be forfeited.
Speaking on behalf of the victims in the case during the sentencing hearing today ... more

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