U.S. billionaire tycoon fraud was sentenced to 110 years in prison.
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U.S. billionaire tycoon fraud was sentenced to 110 years in prison.

New York City : NY : USA | Jun 15, 2012 at 5:41 PM PDT
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From Fame and Fortune, Billionaire Stanford Gets 110 Years

A court in Texas, U.S. says the sentence "terrorist" 110 years in prison for the financial tycoon Allen Stanford for his appropriation of billions of dollars of investors.

Stanford accused lured 30,000 people in 100 countries to pour money into Stanford International Bank Bank with a promise to bring investment to be profitable. In essence this is deceptive tactics by taking money after paying interest to the first and so far officials have not found 92% of $ 8 billion that the bank claims on property.

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U.S. billionaire tycoon fraud was sentenced to 110 years in prison.
Allen Stanford (center)
Le Thi Bich Lan is based in Vũng Tàu, Đông Nam Bộ, Vietnam, and is a Reporter for Allvoices.
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