Financier Allen Stanford Sentenced to 110 years
The sentencing hearing for Financier Allen Stanford just concluded. The Government sought 230 years. The judge imposed 110 years. He was ordered to forfeit $5.9 billion. Stanford addressed the court. Via Twitter:
"If I live the rest of my life in prison...I will always be at peace with the way I conducted myself in business."
The AUSA:
"230 years will not get anyone their money back...but on sleepless nights" they will know he got the maximum. "
Stanford has been in jail since July, 2009. He has not had an easy time. In 2009, he was assaulted at the Joe Corley Correction Center, and sustained brain damage and the loss of reading ability in his right eye. After surgery, they over-medicated him to the point the Judge declared him incompetent to proceed to trial. [More...]