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Press Releases

U.S. top court rejects financier Stanford's Ponzi scheme appeal

WASHINGTON, Nov 28- The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that bilked investors in 113 countries. The justices left in place the imprisoned Stanford's appeal of an October 2015 ruling by the...

Source: Reuters

Justices reject appeal of Ponzi scheme conviction

WASHINGTON— The Supreme Court has declined to disturb the conviction of former Texas tycoon R. Allen Stanford on fraud, conspiracy and obstruction charges. The justices had no comment Monday on their order rejecting Stanford's appeal of his 2012 conviction for running a Ponzi scheme that bilked investors out of $7.2 billion. He also said the government used...

Source: The Associated Press