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Was he a "job creator"?
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...
Stanford was once considered one of the richest men in the U.S., with an estimated net worth of more than $2 billion. His financial empire stretched from the U.S. to Latin America and the Caribbean.
Defense attorneys portrayed Stanford, 62, as a visionary entrepreneur who made money for investors and conducted legitimate business deals.
During Thursday's sentencing hearing, Stanford gave a rambling statement to the court in which he denied he did anything wrong.
Speaking for more than 40 minutes, Stanford said he was a scapegoat and blamed the federal government...
http://www.newschief.com/article/20120615/NEWS/206155024?p=1&tc=pg
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...
Stanford was once considered one of the richest men in the U.S., with an estimated net worth of more than $2 billion. His financial empire stretched from the U.S. to Latin America and the Caribbean.
Defense attorneys portrayed Stanford, 62, as a visionary entrepreneur who made money for investors and conducted legitimate business deals.
During Thursday's sentencing hearing, Stanford gave a rambling statement to the court in which he denied he did anything wrong.
Speaking for more than 40 minutes, Stanford said he was a scapegoat and blamed the federal government...
http://www.newschief.com/article/20120615/NEWS/206155024?p=1&tc=pg