Stanford Convicted in Investment Fraud Scheme

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

March 6 (Bloomberg) -- R. Allen Stanford was convicted of fraud in what prosecutors said was a $7 billion scheme involving bogus certificates of deposit at his Antigua-based bank. A federal jury in Houston today found the financier guilty of all but one of the 14 counts against him, including wire and mail fraud and obstructing a federal regulatory investigation. Stanford, 61, faces as long as 20 years in prison for each fraud count. Duarte Geraldino reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change