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

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March 6, 2012 7:56 a.m.

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.

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