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Posts Tagged Ponzi scheme Stanford

Victims in Stanford Ponzi Scheme To Receive Less Than 1 Penny On The Dollar

by Brian Mahany Talk about depressing story titles. Sir Allen Stanford was convicted of the second largest Ponzi scheme in American history. In 2012 he was sentenced to 110 years in federal prison, a life sentence. His crime? A Ponzi scheme that caused $7 billion in losses, mostly to American investors. Suing Stanford to recover [...]

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