06/19/2025 History Photos 12 of 20
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In 2009, Texas billionaire Robert Allen Stanford was indicted and jailed on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery. (Stanford was sentenced to 110 years in prison after being convicted of bilking investors in a $7.2 billion scheme that involved the sale of fraudulent certificates of deposits.) #RAllenStanford

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