Stanford trial:Allen Stanford jailed for 110 years

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Karthik

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Allen Stanford, the disgraced Texan financier who came to embody English cricket's most embarrassing alliance, has been sentenced to 110 years in jail for one of the biggest frauds in history. He was convicted in March on 13 of 14 charges of defrauding investors of more than $7 billion (£4.5 billion).

Stanford was hailed as cricket's American sugar daddy when he bankrolled an international cricket tournament in Antigua that promised to transform cricket finances in England and West Indies and, in the eyes of ECB executives, provide a rival to the burgeoning Indian Premier League.

http://www.espncricinfo.com/ci/content/current/story/568390.html
 
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