Allen Stanford’s Next Century

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]

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