The Department of Justice said Allen Stanford was convicted on 13 of 14 counts and sentenced to 110 years in prison for a $7 billion investment fraud centred on the bank.

Why this label

The DOJ release states a jury convicted Stanford on 13 of 14 counts on 6 March 2012 and that he misappropriated $7 billion from the bank^S2. The court imposed a total sentence of 110 years^S2. The Fifth Circuit affirmed the conviction and sentence in October 2015, and the Supreme Court declined review in November 2016^S3. The conviction is final. Stanford has denied wrongdoing throughout^S8, and that denial is recorded as a response. No record read shows the verdict disturbed.

Current procedural position

Convicted by jury on 6 March 2012, sentenced to 110 years on 14 June 2012^S2. Fifth Circuit affirmed in October 2015, certiorari denied in November 2016^S3. Final.

Evidence score: 94 of 100

The score grades how well the record establishes this assessment. It is not a score of Stanford International Bank Ltd. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.

Timeline

1. 6 March 2012Jury convicts Stanford on 13 of 14 counts^S2
2. 14 June 2012Sentenced to 110 years in prison^S2
3. October 2015Fifth Circuit affirms conviction and sentence^S3
4. November 2016Supreme Court declines review^S3

Related cases

• United States v. Robert Allen StanfordUS District Court for the Southern District of Texas, appeal to the US Court of Appeals for the Fifth Circuit. Criminal. Not published.Stage: Conviction and 110 year sentence affirmed in October 2015, certiorari denied in November 2016^S2S3. Final.
  • October 2015 Fifth Circuit affirms^S3
  • November 2016 Supreme Court declines review^S3

Responses

• Allen Stanford, 11 January 2016: He denied wrongdoing and said he did not misspend one penny ever.^S8

Revision history

• 25 October 2026 Assessment first published with label Supported.

Have a record that changes this assessment? See corrections and responses.

Sources

1. S2Tier A Allen Stanford Sentenced to 110 Years in Prison for Orchestrating $7 Billion Investment Fraud SchemeUS Department of Justice. Government press release. 14 June 2012.Supports the jury conviction on 13 of 14 counts, the 110 year sentence and the $7 billion misappropriation. It does not cover the appeal.
2. S3Tier C Supreme Court declines to review Stanford's Ponzi scheme convictionJURIST. Press report. November 2016.Supports the denial of certiorari and the Fifth Circuit affirmance of the criminal conviction. It gives no exact ruling dates.
3. S8Tier C Stanford talks to BBC about appeal and life in jailCayman News Service. Press report. 11 January 2016.Reports Stanford's denial from a BBC 5Live interview. It records his assertion of innocence, not any finding.

Other claims about Stanford International Bank Ltd

• Supported94
  The SEC said on 17 February 2009 that Stanford International Bank ran a multi-billion dollar fraud, selling about $8 billion in certificates of deposit on false promises and fabricated return data.
  Regulator statement, 17 February 20092 records citedFraud
• Contradicted91
  Allen Stanford said in a 2016 BBC interview that he did not misspend any investor money.
  Press report, 11 January 20162 records citedFraud
• Partly supported70
  FTI Consulting said the court receiver recovered about US$2.7 billion on behalf of more than 18,000 defrauded investors of Stanford International Bank.
  Official report, 20253 records citedCorporate status