HOUSTON, Texas — Disgraced Texan cricket financier, Allen Stanford, has been handed a hefty for his part played in a massive fraud.
Stanford, who in March was convicted on 13 of 14 charges of deceiving investors of more than $7 billion, was sentenced to 110 years in prison.
Prosecutors, initially had demanded that he be handed a sentence of 230-years.
However, defence lawyers believed such an asking was ridiculous, claiming that a more lenient term of 44 months would have been better.
Stanford promised to transformed the cricketing atmosphere in the West Indies, but his plans was cut shot after an investigation was launched by United States regulators.
“To the bitter end, he was a con man and a coward,” prosecutor William Stellmach said.
Stanford spend three years in jail since being arrested in 2009, but has constantly denied doing anything wrong.
“I’m not here to ask for sympathy or forgiveness or to throw myself at your mercy,” he told the District Judge David Hittner at his hearing.
“I did not run a Ponzi scheme. I didn’t defraud anybody.”
Get the latest happenings: Follow us on Facebook
@sportingalert on Twitter Follow us for the latest news and starting line-ups on Twitter
Powered by Facebook Comments