Category: Jail

Billionaire Bilker Sentenced to 110 Years

“Former jet-setting Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes…

Lord Black Released From Prison

Conrad Black is back in Canada this month after being released from U.S. prison where he served 42 months for massive fraud. At one point Black ran a media empire considered the third largest in the world, including publications like…

More Charges Against Olympus CEO

New criminal charges were made against former Olympus top executives by the Japanese government last week. The first charges were made in February stemming from $1.7 billion in losses at the company which were hidden by company leaders. Chief executive…

Convicted Tyco CEO Gets Work Release

The former chief executive of Tyco International, sentenced from 8.33 to 25 years for embezzlement, was approved for a work release program last month. The New York State prisoner, L. Dennis Kozlowski, had been convicted of financial crimes in 2005…