adminthan 100 countries who were bilked by bogus investments with Stanford International Bank.
Investigators could not find 92 percent of the US$8 billion the bank said it had in assets and cash reserves.
Stanford (61), has spent the past three years in jail after being deemed a flight risk. He may never taste freedom again. Jurors found the mustachioed Texan guilty of 13 of 14 counts of fraud, conspiracy, money laundering and obstruction of justice. Each count carries a maximum sentence of five to 20 years in jail. Even if a judge decides Stanford should receive concurrent sentences on the 13 counts at an upcoming hearing, he will likely still face 20 years in federal prison. — AFP.
Online Reporter
- Herald
- July 31, 2026
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Economy: Growth signs visible
Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…
