Stanford in de slammer from de cricket bobol and Ponzi schemes now and nex' is Jackula turn.
Let Jackula pass tru Miami or JFK and lsee if dey doh snatch him and lock up he backside.
See pics:
http://www.google.com/searchq=allen+stanford&hl=en&qscrl=1&nord=1&rlz=1T4SUNA_enUS290US293&prmd=imvnsuol&tbm=isch&tbo=u&source=univ&sa=X&ei=IYFWT-zaEZCItweVwpzlCA&sqi=2&ved=0CGQQsAQ&biw=1264&bih=625Stanford found guilty in Ponzi scheme
By Chris Isidore@CNNMoney
March 6, 2012NEW YORK (CNNMoney) -- A federal court jury in Houston found former financier R. Allen Stanford guilty Tuesday on 13 of 14 counts of running a Ponzi scheme.
Stanford, who was first charged with the fraud by the Securities and Exchange Commission and federal prosecutors in 2009, was found guilty on 13 of 14 counts at the conclusion of a five-week trial. He could face up to 120 years in prison, according to his court-appointed attorney Robert Scardino.
Federal prosecutors brought criminal charges against Stanford in June 2009. The only count he was found not guilty of on Tuesday was one count of wire fraud.
Prosecutors have said that there are about 30,000 victims of the alleged fraud.
"This trial will decide not just whether Stanford is guilty of the criminal charges, but also whether hundreds of million of dollars of investor funds currently frozen may be forfeited and returned to his alleged victims," U.S. District Judge David Hittner wrote in a December court order.
A hearing on whether Stanford will have to forfeit money in his accounts and other property was scheduled to take place later Tuesday.
In February 2009 the SEC charged that Stanford and three of his companies orchestrated a $9.2 billion investment and sales fraud. But SEC can only bring civil charges, not criminal charges.
Prosecutors charged Stanford sold billions of dollars in certificates of deposit administered by Stanford International Bank Ltd., an offshore bank in Antigua.
The billionaire misrepresented to investors the financial condition of that bank, its investment strategy and the extent of regulatory oversight, the prosecutors said. Stanford also was accused of misusing most of those investments.
Stanford maintained his innocence throughout the process. In a tearful 2009 interview, Stanford told ABC News: "I would die and go to hell if it's a Ponzi scheme."
But he remained in jail awaiting trial, going through 14 different attorneys during that time. He was briefly declared incompetent to stand trial due to health reasons in 2011 before later being found competent again.
The jury got the case last Wednesday and Monday night sent a note to the judge saying they could not reach a unanimous verdict. But U.S. District Judge David Hittner sent them back for further deliberations and they returned with a verdict that was read in court just before noon local time Tuesday.
"Last night when I heard there was a hung jury, I was spinning," said Stanford victim Cassie Wilkinson, speaking to reporters after the verdict. "I was so anxious, thinking what if this guy gets off. What if he actually walks after he took advantage of so many people."
Wilkinson said she and her husband were Houston natives who had retired to Austin, Texas, before losing much of their savings in investments with Stanford. Her husband has had to return to work and Wilkinson said she might have to return to work as well.
After sitting through five weeks of the trial, she said she welled up in tears when the verdict was announced.
"There is a little bit of vindication knowing that there are 12 other people who thought the same thing, that we were just scammed," she said. "There's a sense of relief we're not just fools."
-- The CNN Wire contributed to this report
First Published: March 6, 2012
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Click here for Wall Street Journal story on Jackula pardnah:
http://online.wsj.com/article/SB10001424052970203458604577265490160937460.html