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LuckyTheDog

(6,837 posts)
Thu Jun 14, 2012, 08:33 PM Jun 2012

Another 'job creator' oppressed by government action: Stanford gets 110 years for $7B Ponzi scheme [View all]

Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades.

An apology was not one of them.

In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticized the government for its "gestapo tactics" when his companies were put in receivership and their assets sold off to pay back investors; described his financial empire as a victim of the 2008 credit collapse; and recalled riding horses with former President George W. Bush.

http://finance.yahoo.com/news/stanford-gets-110-years-role-171331968.html

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