Allen Stanford, jailed for fraud in ECB case, speaks outJanuary 12, 2016
Convicted fraudster Allen Stanford has spoken for the first time since 2009, when he was indicted for the second-largest investment scam in US history. In 2008, the Texas tycoon inked a multimillion dollar deal with the England and Wales Cricket Board (ECB) for a series of T20 matches in the Caribbean. But the ECB would end up embarrassed the following year, when Stanford was charged with fraud worth 8 billion dollars. He told the BBC in an interview that he’s sorry about the damage done to English cricket, but the real fault lies in what he called an “overzealous” prosecution. Stanford was speaking from a Florida prison where he’s been serving a sentence of 110 years since being convicted in 2012.
(Image source: BBC)
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