Former Financier Stanford Could Face Life

Lindsay Jones

Mar 6, 2012 - 02:44 PM

Former Financier Stanford Could Face Life

R. Allen Stanford, the former financier from Texas with close business ties to Memphis, has reached the end of his trial and is convicted of several counts of fraud. Read what John Branston has to report in our sister publication, The Memphis Flyer. Media reports are saying Stanford could face life in prison for perpetuating a more than $7 billion Ponzi scheme.

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Mar 6, 201202:44 PM

Former Financier Stanford Could Face Life

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