Friday 15 June 2012

Stanford Sentenced to 110-Year Term in $7 Billion Ponzi Case

HOUSTON — Jaime Escalona was fleeced so thoroughly by the financier R. Allen Stanford that he could no longer pay for his grandson’s autism treatments, he said in a steady voice in court on Thursday, before turning to the defendant and declaring, “You are a dirty, rotten scoundrel.”

Mr. Stanford took the insult in stride, and stared

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