Stanford International Bank Framed and Matted Print

Stanford International Bank Framed and Matted Print

Dimensions

Frame: 43″ Width x 32″ Height Image Area: 15.5″ Width x 19.5″ Depth

Condition

Very Good Condition

Preparation, Timing and Shipment

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Stanford Financial Group

Stanford International Bank Framed and Matted Print Very nice print of the Stanford International Bank offices in Panama City, Panama. Professionally Framed and Matted in an attractive wooden frame with a metal plaque. This print originated from the Stanford Financial Group Offices in Houston, TX and was purchased at one of the auctions of seized assets from the Stanford Financial Group of Companies. Stanford Financial Group Rise and Fall The Stanford Financial Group was a privately held international group of financial services companies controlled by Allen Stanford, until it was seized by United States .U.S.. authorities in early 2009. Headquartered in the Galleria Tower II in Uptown Houston, Texas, it had 50 offices in several countries, mainly in the Americas, included the Stanford International Bank, and said it managed US$8.5 billion of assets for more than 30,000 clients in 136 countries on six continents. On February 17, 2009, U.S. Federal agents put the company under management of a receiver, because of charges of fraud. On February 27, 2009, the U.S. Securities and Exchange Commission amended its complaint to describe the alleged fraud as a “massive Ponzi scheme”. On January 24, 2012, Stanford entered the Houston Federal Courthouse, U.S. District Judge David Hittner presiding, and the trial began. He was convicted by jury as the leader of a Ponzi scheme worth $7 billion in March 2012. On June 14, 2012, Stanford was sentenced to 110 years in prison for cheating investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history. He is currently incarcerated at Coleman II USP in Sumterville, FL. His release date is set for April 17, 2105. This complex and tragic story will be litigated in the courts for many more years to come and may never end.