
Ponzi Scheme or Brick-and-Mortar Financial Empire? Judge Splits the Difference in Stanford Sentencing
At least by this math: Prosecutors recommended a 230-year sentence for convicted financial fraudster Allen Stanford; Mr. Stanford argued that he had not, ahem, operated a Ponzi scheme* but “a real brick-and-mortar global financial empire,” and asked for time served, or about 3 years. So you know, 230 plus 3, divided by 2…and Read More