Tuesday, March 6, 2012

R. Allen Stanford guilty on 13 of 14 charges of money laundering and fraud


In Houston, a jury has found R. Allen Stanford, 61, guilty on 13 of 14 charges of money laundering and fraud. This was a Ponzi scheme that lost billions of dollars for investors worldwide.


The jury verdict came during the fourth full day of deliberations and after a month long trial.