Ponzi Scheme Photos on Townhall

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    Posted: 3/7/2012 8:15:47 PM EST
    Attorney Robert Scardino talks to the media after a guilty verdict was announced on all but one of 14 counts in the fraud trial of his client financier R. Allen Stanford Tuesday, March 6, 2012, in Houston. Stanford, a former Texas tycoon, whose financial empire once spanned the Americas, was convicted Tuesday for allegedly bilking investors out of more than $7 billion in a massive Ponzi scheme he operated for 20 years. (AP Photo/Pat Sullivan)
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    Posted: 3/7/2012 8:15:47 PM EST
    Investor Cassie Wilkinson talks about her financial losses after a guilty verdict was announced on all but one of 14 counts in the fraud trial of financier R. Allen Stanford Tuesday, March 6, 2012, in Houston. Stanford, a former Texas tycoon, whose financial empire once spanned the Americas, was convicted Tuesday for allegedly bilking investors out of more than $7 billion in a massive Ponzi scheme he operated for 20 years. (AP Photo/Pat Sullivan)
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    Posted: 3/7/2012 1:40:46 AM EST
    Investor Cassie Wilkinson talks about her financial losses after a guilty verdict was announced on all but one of 14 counts in the fraud trial of financier R. Allen Stanford Tuesday, March 6, 2012, in Houston. Stanford, a former Texas tycoon, whose financial empire once spanned the Americas, was convicted Tuesday for allegedly bilking investors out of more than $7 billion in a massive Ponzi scheme he operated for 20 years. (AP Photo/Pat Sullivan)
  •  - Allen Stanford enters the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Allen Stanford enters the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Posted: 3/6/2012 1:06:28 PM EST
    Allen Stanford enters the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston March 6, 2012. Stanford was found guilty of conspiracy and fraud charges by a federal jury on Tuesday for leading a $7 billion Ponzi scheme from his offshore bank in Antigua. A jury of eight men and four women found Stanford, whose net worth was once estimated at more than $2 billion, guilty on 13 counts of a 14-count criminal indictment. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Allen Stanford waits to enter the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Allen Stanford waits to enter the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Posted: 3/6/2012 1:04:50 PM EST
    Allen Stanford waits to enter the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston March 6, 2012. Stanford was found guilty of conspiracy and fraud charges by a federal jury on Tuesday for leading a $7 billion Ponzi scheme from his offshore bank in Antigua. A jury of eight men and four women found Stanford, whose net worth was once estimated at more than $2 billion, guilty on 13 counts of a 14-count criminal indictment. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Allen Stanford arrives at the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Allen Stanford arrives at the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Posted: 3/6/2012 1:03:47 PM EST
    Allen Stanford arrives at the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston March 6, 2012. Stanford was found guilty of conspiracy and fraud charges by a federal jury on Tuesday for leading a $7 billion Ponzi scheme from his offshore bank in Antigua. A jury of eight men and four women found Stanford, whose net worth was once estimated at more than $2 billion, guilty on 13 counts of a 14-count criminal indictment. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS TPX IMAGES OF THE DAY)
  •  - Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston

    Posted: 3/6/2012 1:01:54 PM EST
    Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury has reached a verdict in his criminal trial in Houston March 6, 2012. Stanford was found guilty of conspiracy and fraud charges by a federal jury on Tuesday for leading a $7 billion Ponzi scheme from his offshore bank in Antigua. A jury of eight men and four women found Stanford, whose net worth was once estimated at more than $2 billion, guilty on 13 counts of a 14-count criminal indictment. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury is deliberating in his criminal trial in Houston

    Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury is deliberating in his criminal trial in Houston

    Posted: 3/6/2012 1:00:36 PM EST
    Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury is deliberating in his criminal trial in Houston March 6, 2012. Stanford was found guilty of conspiracy and fraud charges by a federal jury on Tuesday for leading a $7 billion Ponzi scheme from his offshore bank in Antigua. A jury of eight men and four women found Stanford, whose net worth was once estimated at more than $2 billion, guilty on 13 counts of a 14-count criminal indictment. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
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    Posted: 3/5/2012 6:45:48 PM EST
    In this courtroom sketch, R. Allen Stanford writes on a legal pad during his trial at the Bob Casey Federal Courthouse in Houston on Wednesday, Feb. 29, 2012. Stanford is accused of orchestrating a massive Ponzi scheme that took billions from investors. During closing arguments, prosecutors said Stanford flushed away billions of investor funds on a "lavish lifestyle and his loser companies" as part of a fraud that spanned two decades. Defense attorneys countered, saying no evidence was presented that showed the financier cheated anyone. They contended Stanford made money for his investors and created more than 5,000 jobs through a legitimate, worldwide business empire. (AP Photo/Houston Chronicle, Ken Ellis)
  •  - Stanford arrives at the Federal Court in Houston

    Stanford arrives at the Federal Court in Houston

    Posted: 2/24/2012 9:02:06 AM EST
    Allen Stanford (C) arrives at the Federal Court in Houston February 24, 2012. Stanford is on trial battling charges that he operated a $7 billion Ponzi scheme from Stanford International Bank, his offshore bank on the Caribbean island of Antigua. REUTERS/Richard Carson (UNITED STATES - Tags: CRIME LAW BUSINESS)
  •  - SIPA Trustee Picard speaks during a news conference in New York, announcing the return of $7.2 billion from the estate of Madoff insider Picower to settle civil claims for victims of Madoff's ponzi

    SIPA Trustee Picard speaks during a news conference in New York, announcing the return of $7.2 billion from the estate of Madoff insider Picower to settle civil claims for victims of Madoff's ponzi

    Posted: 2/16/2012 8:08:49 PM EST
    Securities Investor Protection Act (SIPA) Trustee Irving Picard speaks as Manhattan U.S. Attorney Preet Bharara (L) looks on during a news conference in New York, announcing the return of $7.2 billion from the estate of Madoff insider Jeffry Picower to settle civil claims for victims of Bernard Madoff's ponzi scheme December 17, 2010. REUTERS/Shannon Stapleton
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    Posted: 2/16/2012 4:05:49 PM EST
    FILE - In this Aug. 24, 2010 file photo, R. Allen Stanford arrives in custody at the federal courthouse in Houston. Attorneys for jailed Texas tycoon have begun their defense in his fraud trial after prosecutors rested their case Wednesday, Feb. 15, 2012, following three weeks of testimony in support of their claims the financier was behind a massive Ponzi scheme that took billions from investors. (AP Photo/David J. Phillip, File)
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    Posted: 2/12/2012 1:55:51 PM EST
    Attorney David Finn and James Davis, former Chief Financial Officer in Stanford International Bank Ltd. walk out of Bob Casey U.S. Courthouse upon the conclusion of Davis' first day of testimony on Thursday, Feb. 2, 2012, in Houston. Prosecutors allege Texas financier R. Allen Stanford masterminded a fraud in which he bilked investors out of more than $7 billion in a massive Ponzi scheme centered on the sales of certificates of deposit, or CDs, from a Caribbean bank. (AP Photo/Houston Chronicle, Mayra Beltran)
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    Posted: 2/8/2012 3:35:53 PM EST
    Attorney David Finn and James Davis, former Chief Financial Officer in Stanford International Bank Ltd. walk out of Bob Casey U.S. Courthouse upon the conclusion of Davis' first day of testimony on Thursday, Feb. 2, 2012, in Houston. Prosecutors allege Texas financier R. Allen Stanford masterminded a fraud in which he bilked investors out of more than $7 billion in a massive Ponzi scheme centered on the sales of certificates of deposit, or CDs, from a Caribbean bank. (AP Photo/Houston Chronicle, Mayra Beltran)
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    Posted: 2/8/2012 3:35:53 PM EST
    Attorney David Finn and James Davis, former Chief Financial Officer in Stanford International Bank Ltd. walk out of Bob Casey U.S. Courthouse upon the conclusion of Davis' first day of testimony on Thursday, Feb. 2, 2012, in Houston. Prosecutors allege Texas financier R. Allen Stanford masterminded a fraud in which he bilked investors out of more than $7 billion in a massive Ponzi scheme centered on the sales of certificates of deposit, or CDs, from a Caribbean bank.(AP Photo/Houston Chronicle, Mayra Beltran)
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    Posted: 2/8/2012 3:35:53 PM EST
    This courtroom sketch shows Former Stanford CFO James Davis, replicating for jurors the handcuffing motion he used to make to warn R. Allen Stanford that what they were doing was illegal Thursday, Feb. 2, 2012 in Houston, Texas. Davis, who pled guilty for his part in a $7 billion Ponzi scheme headed by Stanford, testified against the Texas tycoon during Stanford?s fraud trial in Houston on Thursday. (AP Photo/Houston Chronicle, Ken Ellis)
  •  - To match Insight SEC/STANFORD

    To match Insight SEC/STANFORD

    Posted: 1/26/2012 5:03:57 PM EST
    Securities and Exchange Commission Inspector General David Kotz testifies on Capitol Hill in Washington in this September 22, 2011 file photo. In early 2009, federal investigators finally closed in on Houston financier R. Allen Stanford. For more than a decade and a half, Stanford had run an alleged $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire but hesitated to open a full-blown probe. To match Insight SEC/STANFORD REUTERS/Jonathan Ernst/Files (UNITED STATES - Tags: BUSINESS POLITICS CRIME LAW HEADSHOT)
  •  - To match Insight SEC/STANFORD

    To match Insight SEC/STANFORD

    Posted: 1/26/2012 5:02:38 PM EST
    Former Stanford Financial executive Laura Pendergest-Holt stands with her husband Jim Holt and attorney Dan Cogdell (L) outside the Federal Courthouse in Houston in this February 27, 2009 file photo. In early 2009, federal investigators finally closed in on Houston financier R. Allen Stanford. For more than a decade and a half, Stanford had run an alleged $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire but hesitated to open a full-blown probe. To match Insight SEC/STANFORD REUTERS/Richard Carson/Files (UNITED STATES - Tags: BUSINESS CRIME LAW)
  •  - To match Insight SEC/STANFORD

    To match Insight SEC/STANFORD

    Posted: 1/26/2012 4:58:08 PM EST
    Former Stanford Financial executive Laura Pendergest-Holt arrives at federal court in Houston for a pre-trial hearing in this October 14, 2009 file photo. In early 2009, federal investigators finally closed in on Houston financier R. Allen Stanford. For more than a decade and a half, Stanford had run an alleged $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire but hesitated to open a full-blown probe. To match Insight SEC/STANFORD REUTERS/Richard Carson/Files (UNITED STATES - Tags: BUSINESS CRIME LAW)
  •  - To match Insight SEC/STANFORD

    To match Insight SEC/STANFORD

    Posted: 1/26/2012 4:55:01 PM EST
    Texas billionaire Allen Stanford is interviewed in Houston in this April 20, 2009 file photo. In early 2009, federal investigators finally closed in on the Houston financier. For more than a decade and a half, Stanford had run an alleged $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire but hesitated to open a full-blown probe. To match Insight SEC/STANFORD REUTERS/Chris Baltimore/Files (UNITED STATES - Tags: BUSINESS CRIME LAW)


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