Allen Stanford

Allen Stanford is a financier from the United States. Allen Stanford's net worth peaked at $2 billion. Allen Stanford was born in March 1950 in Mexia, Texas. He was a professional sports sponsor and is currently serving a 110-year federal prison sentence.

Stanford was convicted in 2012 on accusations that his investment firm was a Ponzi scheme and committed fraud. He served as the chairman of the Stanford Financial Group. Stanford was born on Saint Croix, US Virgin Islands, and held dual citizenship in both the US and Antigua & Barbuda. He gave millions of dollars to politicians in the United States and Antigua & Barbuda. In 2009, the US Securities and Exchange Commission investigated and accused Allen Stanford with fraud and other offenses involving $7 billion in certificates of deposit. The Federal Bureau of Investigation searched his offices, and he voluntarily surrendered. He was eventually convicted of all charges save one of wire fraud and began doing time at the United States Penitentiary, Coleman in Coleman, Florida.

Net worth in 2008: $2.2 Billion