Askari Kanzu
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- Jan 7, 2011
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Stanford gets 110 years for role in $7 billion Ponzi scheme
Published June 14, 2012. Associated Press
HOUSTON Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades.
An apology was not one of them.
In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticized the government for its "gestapo tactics" when his companies were put in receivership and their assets sold off to pay back investors; described his financial empire as a victim of the 2008 credit collapse; and recalled riding horses with former President George W. Bush.
"I am and will always be at peace with the way I conducted myself in business," he said before the judge handed down the sentence.
Published June 14, 2012. Associated Press
HOUSTON Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades.
An apology was not one of them.
In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticized the government for its "gestapo tactics" when his companies were put in receivership and their assets sold off to pay back investors; described his financial empire as a victim of the 2008 credit collapse; and recalled riding horses with former President George W. Bush.
"I am and will always be at peace with the way I conducted myself in business," he said before the judge handed down the sentence.
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Huyu jamaa angekuwa bongo angehonga na kuachiliwa!
Huyu jamaa angekuwa bongo angehonga na kuachiliwa!
