People & Places

Comments (0) Best Criminal Conviction - 2012

Allen Stanford

In Ponzistan — as South Florida will someday be rechristened in the more honest history books — it takes something extra to stand out. Pyramid schemes are a dime a dozen; to get your face on Mount Ponzimore, you've got to bring it. Nevin Shapiro took down a university's sports program. Scott Rothstein demolished Broward's political system. And Allen Stanford? All he did was buy a house with a moat in Coral Gables for his mistress, snatch up virtually the entire Caribbean nation of Antigua, set himself up as a faux cricket baron, and blow through an $8 billion scheme from a headquarters in downtown's Miami Center. Stanford's crazy ride didn't end once he finally landed in prison in 2009 after his Ponzi scheme collapsed into rubble. While in custody, he was beaten to a pulp by another prisoner and required mental health assessments before his trial. Thankfully, in March a jury finally decided to put Stanford where he belongs — alongside Shapiro and Rothstein, rotting away in prison for decades — after convicting him on 13 of 14 fraud charges.

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