Stanford’s Chief Accountant Lopez Is Sentenced to 20 Years

R. Allen Stanford’s former chief accounting officer, Gilbert Lopez, 70, was sentenced to 20 years in prison for helping to conceal Stanford’s $7 billion Ponzi scheme.

U.S. District Judge David Hittner imposed the sentence today in Houston. Also set for sentencing is Stanford’s former controller, Mark Kurht, 40. The men were convicted in November of conspiring to hide Stanford’s fraud.

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.