Sir Allen Stanford Guilty in $7 Billion Ponzi Scheme

Flamboyant financier Allen Stanford once told ABC News Chief Investigative Correspondent Brian Ross he would "die and go to hell" if his $7 billion investment empire was a Ponzi scheme. The 61-year-old may not be going to hell, but he could well be spending the rest of his life in prison. On Tuesday, a federal jury in Houston convicted Stanford of all but one of 14 charges of fraud and obstruction. Each fraud count carries a sentence of up to 20 years. The same jury is now deliberating how much...Full Story
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