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R. Allen Stanford

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FILE - In this Aug. 24, 2010 file photo, R. Allen Stanford arrives in custody at the federal courthouse for a hearing in Houston. The Supreme Court ruled Wednesday that class-action lawsuits from investors who lost billions in former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward. The decision is a loss for individuals, law firms and investment companies that allegedly aided Stanford's fraud and wanted the lawsuits thrown out. (AP Photo/David J. Phillip, File)

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R. Allen Stanford, once considered one of the wealthiest people in the U.S. with a financial empire that spanned the Americas, was convicted on charges he bilked investors out of more than $7 billion. He received a 110-year sentence. (Associated Press)

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R. Allen Stanford, once considered one of the wealthiest people in the U.S. with a financial empire that spanned the Americas, was convicted on charges he bilked investors out of more than $7 billion. He received a 110-year sentence. (Associated Press)

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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)

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** FILE ** Billionaire R. Allen Stanford is escorted into the federal courthouse in Houston on Thursday, June 25, 2009. Mr. Stanford faces federal charges that he ran a $7 billion scheme to defraud investors with his international banking empire. (AP Photo/David J. Phillip)