Allen Stanford, the billionaire Texas banker, was convicted yesterday of stealing $7bn in customer money to fund a lavish lifestyle that included sponsorship of an international cricket tournament, yachts and island properties.
After a six-week trial in Houston, and on the fifth day of deliberations, the jury voted to convict Mr Stanford on 13 of 14 counts including fraud, conspiracy and obstructing a Securities and Exchange Commission investigation. He was found not guilty on one count, of wire fraud.
Mr Stanford, who has been held in custody since his arrest in June 2009, could face more than a decade in prison when he is sentenced later this year.
您已阅读42%（656字），剩余58%（890字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。