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Stanford found guilty In the biggest phonzi scheme since Bernie Madoff, Allen Stanford was found guilty of stealing over 7 billion dollars of people who thought they were investing their money with him. Stanford was found guilty today and could be sentenced to up to 200 years in prison. Stanford was found guilty of 13 of 14 counts. At first the jury could not reach a verdict but after more deliberation they came to a decision. The jury must decide now how to get back 300 million dollars in assests Stanford has overseas. I think this is another sad case of people trusting others too much. I think I would not make the same mistake all though it is hard to say because I am not in the same situation. People need to do better background checks on their potential financial advisers. [] []