Ex-Houston Financier Allen Stanford Convicted In $7 Billion Ponzi Scheme

Jurors convicted former Houston financer Allen Stanford of all but one count Tuesday in his federal trial for running a $7 billion Ponzi scheme.

Houston Chronicle reporter Terri Langford was in the courtroom for the verdict and tweeted that Stanford was convicted on 13 of 14 felony counts.

ABOUT THE AUTHOR

Nick Martin is an associate editor at TPM in New York City. He came to the site in 2011 as a reporter for TPMMuckraker. Previously, he worked in Arizona, first as a staff reporter for a local newspaper and later as a freelance journalist. He also ran the news blog Heat City. Contact him at nick@talkingpointsmemo.com

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