U.S. urges 230 years prison for Allen Stanford
http://www.reuters.com/article/2012/06/06/us-stanford-ponzi-idUSBRE8551CD20120606?feedType=RSS&feedName=domesticNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=60573%22%20target=%22_
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U.S. prosecutors urged a judge on Wednesday to send convicted financier Allen Stanford to prison for 230 years, calling him a "ruthless predator" whose $7 billion Ponzi scheme was among the most egregious frauds ever undertaken.
Such a sentence, the maximum recommended under federal sentencing guidelines, would be 80 years longer than Bernard Madoff got in 2009 for his Ponzi scheme, and according to prosecutors reflects Stanford's place as "among the greediest, most selfish, and utterly remorseless criminals."
Stanford's lawyers are seeking a prison term of 31 to 44 months for their client, which could result in his immediate release because he has already been in custody for three years, according to the government.
"Robert Allen Stanford is a ruthless predator responsible for one of the most egregious frauds in history," prosecutors said in a filing in U.S. District Court in Houston. "The sheer magnitude of the money stolen, the duration of the crime, and the extent to which Stanford lived a life steeped in deceit are almost unrivaled."
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This criminal belongs in jail but where are the bankers who crashed the world economy?