Stanford Jury Weighs $300 Million Forfeiture After Verdict
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R. Allen Stanford’s jury, a day after finding the Texas financier guilty of leading a $7 billion international fraud, heard evidence on federal prosecutors’ request that he forfeit $330 million in assets.
The jury of eight men and four women yesterday convicted Stanford on 13 of 14 charges including four wire fraud counts and five mail fraud counts carrying maximum penalties of 20 years in prison. No sentencing date has been set.