However, this thread was fraying at the edges.
Even though the pandemic’s storm cloud darkened over inmates, especially those above 70, the prosecutors questioned its validity as a reason for Stanford’s release.
Allen Stanford Early Release : The Historical Trail of Deception
Peeling back the layers of Stanford’s crime reveals a labyrinthine web of deceit.
The scam, which took root before the 90s, saw Stanford hoodwink investors using a Caribbean bank, which later transformed into the Stanford International Bank.
Like a twisted version of Robin Hood, instead of giving to the poor, he channeled billions from his bank into ostentatious personal ventures.
The illusion was that Stanford could offer returns that were tantalizingly higher than those offered by U.S. banks. The truth? The vaults were hollow.
By 2008, the abyss of deception ran so deep that Stanford allegedly pilfered a whopping $1 million daily.
Allen Stanford Early Release : Legal Consequences and Ripple Effects
Following a riveting seven-week trial in 2012, the curtains fell on Stanford’s act, culminating in a conviction on 13 of 14 counts.
