Ponzi

Ex- Stanford Executives Convicted in $7.2 billion Ponzi Scheme

February 19, 2013

The Department of Justice has reported that two former Stanford Financial Group executives were each sentenced to 20 years in a federal prison for aiding convicted financier Robert Allen Stanford in perpetuating a massive Ponzi scheme totaling over $7.2 billion. Gilbert Lopez, the former chief officer of Stanford Financial Group, and former controller Mark Kuhrt […]

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