A judge on Tuesday sentenced the star prosecution witness in the trial of convicted Texas financier R Allen Stanford to five years in prison for bilking investors of more than $7 billion in one of the biggest Ponzi schemes in US history. James M Davis, who was sentenced in a Houston federal court, was facing up to 30 years in prison after pleading guilty in 2009 to three fraud and...
11:48 PM, Jan 22, 2013
Houston: Former jet-setting Texas tycoon R Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades. An apology was not one of them. In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticised...
12:36 PM, Jun 15, 2012
