#8
Allen Stanford's CD Fraud
Stanford’s operation ran from the 1990s until 2009, when the SEC uncovered the fraud, leading to his 110-year prison sentence—a penalty 4.4 times longer than WorldCom’s Bernie Ebbers received. The scheme collapsed when it could no longer sustain its promises, and investors lost 80% of their principal, with only $100 million recovered to date.
0
Photos (1)
Comments on "Allen Stanford's CD Fraud"
Have a take on this ranking?
Comments are how the argument actually happens here. Posting one needs a free account — it takes about a minute.
No comments yet.
The first comment sets the terms of the argument.