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U.S. Court Makes Statement On Allen Stanford Ponzi Scheme

Video Credit: Wochit News - Duration: 00:46s - Published < > Embed
U.S. Court Makes Statement On Allen Stanford Ponzi Scheme

U.S. Court Makes Statement On Allen Stanford Ponzi Scheme

On Monday a federal appeals court threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, who is the Texas financier serving a 110-year prison term for running a large Ponzi scheme.

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