Stanford to be Sentenced in June

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Stanford to be Sentenced in June

Details: Latest; Friday, 09 March 2012 02:29; By caribarena news

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Stanford to be Sentenced in June Antigua St John's - US authorities are expected to go after US$330 M in frozen foreign bank accounts after a jury found that R Allen Stanford had stolen this money from investors.

Stanford will be sentenced by US District Judge David Hittner on June 14. Hittner could decide to impose consecutive 20-year sentences that would add up to life in prison.

The jury's decision is expected to intensify focus on the war between US authorities and Antiguan liquidators.

Experts predict the process could take years to complete, since the countries where the accounts are frozen, including Canada, Switzerland, and Britain, must evaluate each request.

Stanford was convicted on Tuesday on 13 of 14 fraud-related charges of operating a Ponzi scheme.

Three more Stanford executives are scheduled to go to trial in September for their alleged involvement.

Tags:
Allen Stanford Allen Stanford Fraud Trial

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2 Comments In This Article

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RE: Stanford to be Sentenced in June

Antiguan WOMAN » 2012-03-09 09:54

What do you call the fencing rip off,the sidewalk and roads rip off and the Geneartor scandal? Ponzi scheme or just plain theifing ness.Who will be charged for this?

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Antiguan WOMAN

RE: Stanford to be Sentenced in June

GoodJobBob » 2012-03-09 02:48

No criminal charges have been filed against Sir Allen in Antigua, why are they trying to seize his assets?

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GoodJobBob

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