It Is What It Is and It Is 110 Years

June 14, 2012 By: Juanita Jean Herownself Category: Uncategorized

Allen Stanford is gonna be making little rocks out of big rocks.

Former jet-setting Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history.

U.S. District Judge David Hittner handed down the sentence during a court hearing in which two people spoke on behalf of Stanford’s investors about how his fraud had affected their lives.

Prosecutors had asked that Stanford be sentenced to 230 years in prison, the maximum sentence possible after a jury convicted the one-time billionaire in March on 13 of 14 fraud-related counts. Stanford’s convictions on conspiracy, wire and mail fraud charges followed a seven-week trial.

Yeah, 230 years was a couple of years too much.

Take it away, Willie.  If ya wanna dance, you gotta play the band.

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