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World's ten millionaires behind bars

New Delhi: While money can buy a lot, it can't buy you independence from the law.  Blinded by the light of wealth and success, some well-off individuals have made foolish decisions to maintain or amass

India TV News Desk Updated on: January 11, 2014 6:50 IST

7. Allen Stanford

 

Allen Stanford will see out his life in prison, after being sentenced to 110 years for his role in what was described as a ‘massive Ponzi Scheme'.

The Texan once was the Chairman of the Stanford Financial Group, leading a financial conspiracy that aimed to deceive investors.

Stanford's scheme robbed investors of $7 billion.

 
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