• 11 Jun 2012 at 2:56 PM

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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Comments (80)

  1. Posted by Laxbro | June 11, 2012 at 3:03 PM

    I hope you like prison food … and penis.

    The Other Guys > MBA > CFA

  2. Posted by Cut Me | June 11, 2012 at 3:12 PM

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

  3. Posted by guest | June 11, 2012 at 3:16 PM

    One of the greats!

    -Jim Cramer

  4. Posted by HAM05 | June 11, 2012 at 3:17 PM

    31 months to 230 years – nice spread

  5. Posted by IgnorantBastards | June 11, 2012 at 3:23 PM

    32bid

  6. Posted by Guest | June 11, 2012 at 3:48 PM

    Don't forget about me

    -Nails

  7. Posted by Guesticles | June 11, 2012 at 3:54 PM

    "…nice spread…." Could also be a caption title for the picture.

  8. Posted by Even Steven | June 11, 2012 at 4:22 PM

    OK, split the dif, 115 years.

  9. Posted by Guest | June 11, 2012 at 4:55 PM

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

    -Blonde sitting on his lap in the photo

  10. Posted by 2fat2bail | June 11, 2012 at 4:58 PM

    What is a pornzi scheme, Alex?

  11. Posted by Guest | June 11, 2012 at 5:02 PM

    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.

  12. Posted by Guest | June 11, 2012 at 5:09 PM

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

  13. Posted by Vijay Singh | June 11, 2012 at 5:20 PM

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

  14. Posted by gym | June 11, 2012 at 5:42 PM

    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

  15. Posted by tHe oTher JD | June 11, 2012 at 6:53 PM

    Cunt Dick Orifice?

  16. Posted by guest | June 11, 2012 at 11:28 PM

    split the difference?

  17. Posted by guest | June 11, 2012 at 11:29 PM

    wow, if only i had looked down one comment. whackity schmackity.

  18. Posted by guest | June 11, 2012 at 11:31 PM

    he's bound to get at least one more ass-kicking in 230 years.

  19. Posted by Miko | June 12, 2012 at 11:59 AM

    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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