Allen Stanford Jury Reaches Verdict

Reuters via Yahoo ^ | 3/6/2012 | Various

[L,TOWM]

(Reuters) - A federal jury has reached a verdict in the trial of Texas financier Allen Stanford, who has been accused of running a more than $7 billion Ponzi scheme.

[L,TOWM]

Guilty on 13 of 14 counts related to the $7 Billion Ponzi scheme fraud.

[GeronL]

Meanwhile Barry and Crew continue to dole out the loot to their buddies.

[texaschick]

He will be in jail a long time. I don’t think he will survive in there. He already got beat up once while waiting for his trial.

[L,TOWM]

I am in the business as a compliance consultant. One of my clients has told me that he believes that the amount Allen Stanford stole was just as much as Madoff did. Remember, the Bank in Antigua was marketing the CD’s all through the Carribean Basin area. A lot of countries in that region; Jamaica, Panama, Costa Rica, Venezuela, Columbia... and a lot of people that are not going to run to the police complaining about the fraudster that stole a few hundred million of their dope profits.

I do not think he is going to live long either, without special arrangements.