The Washington Times

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  • ** FILE ** Jailed Texas tycoon R. Allen Stanford arrives in custody at the federal courthouse in Houston in August 2010. (AP Photo/David J. Phillip)

    Financier Stanford convicted in $7 billion fraud

    Former Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas and made him fabulously wealthy, was convicted Tuesday of bilking his investors out of more than $7 billion through a Ponzi scheme he operated for 20 years.


  • American Scene: Financier Stanford convicted in $7 billion Ponzi fraud

    Former Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas and made him fabulously wealthy, was convicted Tuesday of bilking his investors out of more than $7 billion through a Ponzi scheme he operated for 20 years.


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