Eastern Hills High School Baylor University, BA, finance (1974)
Occupation(s)
Former Chairman and CEO Stanford Financial Group (now defunct)
Known for
Businessman in the financial services sector, Ponzi scheme, involvement in Stanford Super Series
Spouse
Susan Stanford (separated)
Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme,[1][2][3] and is now serving a 110-year federal prison sentence.[4]
Stanford was the chairman of the now-defunct Stanford Financial Group of Companies. A fifth-generation Texan who once resided in Saint Croix, U.S. Virgin Islands, he holds dual citizenship, as a citizen of Antigua and Barbuda and of the United States. He contributed millions of dollars to politicians in Antigua and the United States, amongst other countries.[5]
In early 2009, Stanford became the subject of several fraud investigations, and on February 17, 2009, was charged by the U.S. Securities and Exchange Commission with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $7 billion in certificates of deposits.[2][3] The Federal Bureau of Investigation raided Stanford's offices in Houston, Texas; Memphis, Tennessee; and Tupelo, Mississippi.[6] On February 27, 2009, the SEC amended its complaint to describe the alleged fraud as a "massive Ponzi scheme".[7] He voluntarily surrendered to authorities on June 18, 2009.[8][9] On March 6, 2012, Stanford was convicted on all charges except a single count of wire fraud.[10] He is serving a 110-year sentence at United States Penitentiary, Coleman II in Coleman, Florida.[11] In September 2014, Stanford filed an appeal; it was rejected in October 2015.[12]
^Boutet, Chris (February 17, 2009). "Texas business magnate Allen Stanford convicted 6th March 2012 of $7Bfraud charge". BBC News. Retrieved March 6, 2012.
^ abCite error: The named reference massive was invoked but never defined (see the help page).
^ abSecurities and Exchange Commission, Plaintiff v. Stanford International Bank Ltd., Stanford Group Company, Stanford Capital Management LLC, R. Allen Stanford, James M. Davis, Laura Pendergest-Holt, Defendants, case no. 3:09-cv-00298-L (U.S. District Court for the Northern District of Texas (Dallas)).
^Juan A. Lozano (June 14, 2012). "Stanford gets 110 years for role in $7B swindle". Retrieved June 14, 2012.
^Chidem Kurdas (September 15, 2012). Political Sticky Wicket: the Untouchable Ponzi Scheme of Allen Stanford. CreateSpace Independent Publishing Platform. ISBN 978-1479257584.
^Ross, Brian; Joseph Rhee & Justin Rood (February 18, 2009). "Manhunt: Accused Financier Scammer Stanford Missing, Authorities say Investor Losses Could Rival Madoff Scandal". ABC News.
^Driver, Anna (February 27, 2009). "U.S. charges Stanford with massive Ponzi scheme". Reuters. Thomson Reuters. Archived from the original on March 1, 2009. Retrieved February 28, 2009.
^Bloomberg News (June 19, 2009). "Billionaire Financier Stanford Surrenders to FBI". Washington Post. Retrieved June 19, 2009.
^"Stanford charged with fraud in US". BBC News. June 19, 2009. Archived from the original on June 20, 2009. Retrieved June 20, 2009.
^"Texas tycoon found guilty in $7B Ponzi scheme". CBS News. Retrieved March 6, 2012.
^"Inmate Locator". Bop.gov. Retrieved January 12, 2016.[permanent dead link]
^"Federal judges reject convicted Ponzi scheme operator R. Allen Stanford's appeal, uphold 110-year sentence". Theadvocate.com. Baton Rouge, Louisiana: The Advocate. January 8, 2016. Archived from the original on December 8, 2015. Retrieved January 12, 2016.
Robert AllenStanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted...
The Stanford Financial Group was a privately held international group of financial services companies controlled by AllenStanford, until it was seized...
consisting of AllenStanford; his father; Laura Pendergest-Holt, Stanford Financial Groups' Chief Investment Officer; James M. Davis (AllenStanford's college...
Stanford University (officially Leland Stanford Junior University) is a private research university in Stanford, California. It was founded in 1885 by...
defense attorney based in Houston, most notable for defending Tom DeLay, AllenStanford, David Koresh and Robert Durst. In 1994, DeGuerin was named Outstanding...
The Stanford Super Series was a series of Twenty20 cricket matches in 2008, sponsored by AllenStanford. The main game of the Series matched the English...
ISSN 2150-6698. Allen, Colin; Jagodzinski, Cecile (2013-11-04). "From SEP to SEPIA: How and Why Indiana University is Helping the Stanford Encyclopedia of...
agree to postpone AllenStanford trial". Financial Post. Bloomberg News. January 4, 2011. Retrieved September 12, 2011. "AllenStanford, Indicted Financier...
competed in what was named the Stanford 20/20 tournament. The event was financially backed by billionaire AllenStanford, who gave at least US$28,000,000...
competition. The CWI has also collaborated with Sir AllenStanford in the organisation of the domestic Stanford 20/20 competition for the Twenty20 format of...
typically legitimate, have become the basis of Ponzi schemes. For instance, AllenStanford used bank certificates of deposit to defraud tens of thousands of people...
Sessions came under scrutiny for his personal ties to disgraced banker AllenStanford, who in 2012 was convicted of orchestrating a $7 billion Ponzi scheme...
investors in connection with the financial crimes committed by AllenStanford. Stanford had sold investors bogus Certificates of Deposit (CDs) and the...
Папсуев) and Sergei Ushakov (Russian: Сергей Ушаков). Stanford International Bank was formed by AllenStanford in 1986 in Montserrat where it was called Guardian...
Joe Berlinger. New York City portal Biography portal Business portal AllenStanford Financial crisis of 2007–2008 A Kaddish for Bernie Madoff: The Film...
students regardless of race, religion or class. Kenroy Smith, foot player AllenStanford, Texan business tycoon, convicted and sentenced to 110 years in prison...
allegations against the Antigua-based Stanford International Bank, which is owned by the Texas billionaire AllenStanford, of orchestrating a massive fraud...
returned to fraud after serving that sentence, again sent to prison. AllenStanford, self-styled banker; sold fake certificates of deposit to over 30,000...
2012. Retrieved 2012-06-26. "AllenStanford jailed for 110 years for $7bn Ponzi". BBC News. 14 June 2012. "AllenStanford Sentencing: The Arguments From...
Retrieved June 26, 2012. "AllenStanford jailed for 110 years for $7bn Ponzi". BBC News. June 14, 2012. "AllenStanford Sentencing: The Arguments From...
Terry Allen Winograd (born February 24, 1946) is an American professor of computer science at Stanford University, and co-director of the Stanford Human–Computer...
by American businessman and cricket enthusiast AllenStanford, rebuilt in 2004 and named the Stanford Cricket Ground. It was used as one of the many home...
gratitude to American investor AllenStanford whom he revealed as a person to have changed his career with the introduction of Stanford Super Series. However,...
Stanford Law School (SLS) is the law school of Stanford University, a private research university near Palo Alto, California. Established in 1893, Stanford...
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