Stanford Sentenced To 110 Years

Jun 15 2012 | 5:22am ET

Convicted hedge fund fraudster R. Allen Stanford said yesterday that he's no Bernard Madoff, but a federal judge sentenced him to a Madoff-like 110 years in prison, anyway.

The former Stanford Financial Group chief received the century-and-change for the two-decade long Ponzi scheme that he was convicted of running in March. All told, Stanford swindled some 30,000 investors out of $7 billion.


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