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So Allen Stanford Might Be Going Away For A While

U.S. prosecutors have urged a judge to send convicted financier Allen Stanford to prison for 230 years, calling him a “ruthless predator” whose $7 billion Ponzi scheme was among the most egregious frauds ever undertaken. Such a sentence, the maximum recommended under federal sentencing guidelines, would be 80 years longer than Bernard Madoff got in 2009 for his Ponzi scheme, and according to prosecutors reflects Stanford’s place as “among the greediest, most selfish, and utterly remorseless criminals.” Stanford’s lawyers are seeking a prison term of 31 to 44 months for their client, which could result in his immediate release because he has already been in custody for three years, according to the government. [Reuters]

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80 Responses to “So Allen Stanford Might Be Going Away For A While”

  1. Laxbro says:

    I hope you like prison food … and penis.

    The Other Guys > MBA > CFA

  2. Cut Me says:

    Yes, yes, with that expression…sure, yes.

  3. guest says:

    One of the greats!

    -Jim Cramer

  4. HAM05 says:

    31 months to 230 years – nice spread

  5. Even Steven says:

    OK, split the dif, 115 years.

    • Guest says:

      It's not that long if you think about it: today's already almost over, and then you get out 115 years later. It's like 114 years and a few days, really.

  6. Guest says:

    "It's a ponzi scheme? I don't want to hear it!"

    -Blonde sitting on his lap in the photo

  7. 2fat2bail says:

    What is a pornzi scheme, Alex?

  8. Guest says:

    I personally would have preferred if Bess used the pic of him right after he got his ass kicked in prison

  9. Vijay Singh says:

    Hey Allen, kind of need to know soon about the ProAm – Teddy Forstmann is obviously out this year.

  10. gym says:

    I couldn't stand it there for another second! Those two bimbos were so desperate for rich husband they would laugh at everything. Problem was all of Allen's jokes were so over their head they would wait for him to lose his shit, and take it as their que. I think this was the one about how he just sold a billion dollars of CDOs but didn't even know what the acronym stood for.

    – blonde in the middle

  11. Miko says:

    You could have been out in 7 years if you had stabbed someone… but you did much worse, you stole money.

    -US Ethics committee

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