Business

Stanford gets 110 years for role in $7B swindle

By Juan Lozano
Published June 14, 2012 10:15pm ET
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Stanford gets 110 years for role in $7B swindle
R. Allen Stanford enters the Bob Casey Federal Courthouse in Houston, where he was sentenced to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history, Thursday, June 14, 2012. (AP Photo/Houston Chronicle, Johnny Hanson) | Johnny Hanson

HOUSTON (AP) — 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.

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