American Malik Riaz 'allen Stanford' Sentenced To 110 Years In Prison

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American Malik Riaz 'allen Stanford' Sentenced To 110 Years In Prison

Posted 15 June 2012 - 12:13 PM (#1) Desert-Sheikh

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Disgraced tycoon Allen Stanford has been sentenced to 110 years in jail for operating a Ponzi scheme that defrauded investors of more than $7bn (£4.5bn).

The scheme was described as one of the largest in US history.

In court, Stanford denied any guilt, telling the judge at his sentencing hearing: "I did not defraud anybody."

A Texan banker, Stanford rose to prominence outside the US when he bankrolled international cricket competitions in the UK and Caribbean.

http://www.bbc.co.uk...canada-18454281

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Posted 16 June 2012 - 04:46 PM (#2) Sunnibrother

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What was other scheme before this one? was it murdoch or something. May Allah Tala protect us all from Greed and give us Wealth of Iman and Happiness. Ameen.