r. allen stanford

The former Texas billionaire defrauded investors of nearly $7 billion over a twenty year period. Stanford will serve a prison sentence of 110 years.

The Houstonian could spend the rest of his life in prison after being convicted of 13 separate charges

Texas Sports Tycoon R. Allen Stanford learns his fate next week after closing arguments in his fraud trial this week.

Attorneys for R. Allen Stanford argued that he was not competent due to a brain injury suffered in a fight while in jail.