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Breaking Down the Allen Stanford Conviction and Its Aftermath—Steven Berk

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Published on Mar 12, 2012

Allen Stanford did not receive nearly the amount of media coverage as Bernie Madoff, but stealing $7 billion is no small feat. Stanford, who used his stolen wealth to support his affinity for cricket and even reached knighthood status in Antigua, saw it all come crashing down and was convicted last week for his massive ponzi scheme. He likely will spend the rest of his life in prison.

To analyze the case and its aftermath, we bring in class action lawyer and former federal prosecutor Steven Berk. He authors an excellent blog on corporate misconduct titled The Corporate Observe (http://www.thecorporateobserver.com)

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