R. Allen Stanford

Dubbed the second coming of Bernie Madoff, Texas billionaire financier R. Allen Stanford operated a $7-billion scheme that conned thousands of investors worldwide for two decades. The Ponzi scheme -- one of the largest in memory -- involved the sale of certificates of deposit through his Caribbean bank. Stanford used the funds on private jets, regulator bribes and more. Convicted in March of all of his 14 fraud-related charges except one, Sanford was sentenced in June to 110 years in prison. But when it came time for his statement, Stanford blamed the government for ruining a legitimate business with its "gestapo tactics" and said he was a victim of the recessionary credit crunch.
Associated Press
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