ALLEN STANFORD’S NEXT CENTURY R. Allen Stanford, the former Houston real estate investor who made it to the big time before being convicted earlier this year of heading up a $7 billion Ponzi scheme, could be spending the next turn-of-the-century in federal prison — if he works it right. The former chairman of the Stanford Financial Group has been imprisoned since June 2009. In a Downtown Houston courtroom today, after Stanford maintained he “didn’t defraud anybody,” U.S. District Judge David Hittner sentenced him to 110 years. [L.A. Times; ; previously on Swamplot]
Totally relevant to a Real Estate blog.
Well, then, any word on what’s happening with his old building on Westheimer?
Well, R. Allen Stanford was a developer, as well as stealer of money. He developed a beautiful little community just outside off San Felipe.