Allen Stanford gets 110 years in the big house

Allen Stanford sentenced to 110 years in prison


(Reuters) - Former billionaire Allen Stanford was sentenced to 110 years in prison on Thursday for running a $7 billion scheme in which he stole money from his investors to finance an extravagant lifestyle in the Caribbean.


Sir Allen & Me: An Insider's Look at R. Allen Stanford and the Island of Antigua

Allen Stanford: The Other Ponzi Schemer

Yes, the other Ponzi scammer, Allen Stanford (see: The $8-billion Caribbean confidence game of Allen Stanford), is back in the news because now the authorities are going after others associated with the former Texas billionaire and former sponsor of the PGA Tour.


We here at Think Billion$ smell the irony of Allen "Stanford" in a different direction.


Here we have scammer Allen Stanford, who claims lineage to the Stanford family of Stanford University; who was a former sponsor of the PGA Tour which produced former billionaire Tiger Woods, a former Stanford golfer (but, not a graduate of Stanford University); who scammed Elin Nordegren who now has a new boyfriend.


This makes us think back to some of the lessons from The Lion King (1994):

Zazu: What's going on?
Mufasa: A pouncing lesson.
Zazu: Oh, very good. Pouncing. *Pouncing*? Oh, no, Sire, you can't be serious...
[Mufasa signs for "turn around"]
Zazu: This is so humiliating.

Article: Stanford Probe Widens

Harvard: #1 in billionaire alums

The Top Billionaire Universities

No. 1 Harvard University

Number of billionaire alumni: 54

Harvard has churned out more 10-figure titans than any other school on the planet (counting both undergraduate and graduate degrees). The school's roster of billionaire alumni includes Michael Bloomberg, Sumner Redstone, David Rockefeller, Sr. and William Randolph Hearst III.

No. 2 Stanford University

Number of billionaire alumni: 25
Stanford has the second-highest number of billionaire grads in the world, including Charles Schwab. Still, the Harvard of the West is probably better known for its billionaire dropouts. Google founders Sergey Brin and Larry Page earned master's degrees in computer science from Stanford before leaving Stanford doctorate programs to start the famously profitable search engine. Another (very rich) quitter: Microsoft Chief Exec Steve Ballmer.

No. 3 University of Pennsylvania

Number of billionaire alumni: 18
Early last year, U. Penn had 27 billionaire graduates, thanks to its famous business school, Wharton. But the financial meltdown last year shaved off almost a third of that list, including hedge fund tycoon Peter Briger Jr. and money maven Marc Rowan. Amongst the school's remaining billionaire grads: Ronald and Leonard Lauder, and Michael Milken.

No. 4 Columbia University (tie)

Number of billionaire alumni: 16
Amongst Columbia's grads is affable billionaire Warren Buffett, the world's second-richest man. While studying in New York (class of 1951), the Berkshire Hathaway chief learned from value-investing legend Benjamin Graham. Other rich alum: Wal-Mart Chairman S. Robson Walton and Henry Kravis.

No. 4 Yale University (tie)

Number of billionaire alumni: 16
Yale is alma mater to a slew of billionaire clans, including the Mars chocolate fortune (Forrest Mars Jr. and John Mars) and Cargill agricultural fortune (Cargill MacMillan Jr. and Whitney MacMillan). Investor Eddie Lampert and Blackstone Group co-founder Stephen Schwarzman also graduated from Yale; both were members of the infamous secret society Skull & Bones.

Forbes article

Copyrighted, Forbes.com. All rights reserved.

The Village Billionaire Idiot, Yahoo's Jerry Yang, Now Loves Microsoft

Readers, we cannot make this stuff up.

Billionaire Yahoo CEO Jerry Yang is now ready to bargain with Microsoft over the sale of his company after screwing over shareholders and many others all year long.

"To this day, I believe the best thing for Microsoft to do is to buy Yahoo," Yang said from the Web 2.0 summit in San Francisco this week.

Microsoft withdrew its $33 per share bid offer earlier this year after Village Idiot Yang demanded $37. Current price: $13.96. Where did this guy go to school?

Steve ... offer $9 bucks a share. See what happens. LOL!