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With a bullet still in his body, the police officer who survived a showdown with the Boston Marathon bombing suspects says he's determined to return to duty.more>> With a bullet still in his body, the police officer who survived a showdown with the Boston Marathon bombing suspects says he's determined to return to duty.more>> The president and CEO of The Associated Press says the government's seizure of AP journalists' phone records was "unconstitutional" and already has had a chilling effect on newsgathering.more>> The president and chief executive officer of The Associated Press on Sunday called the government's secret seizure of two months of reporters' phone records "unconstitutional" and said the news cooperative had not...more>> In what police are describing as a crime of opportunity, a wanted man with a criminal history dating nearly 15 years entered a front door that had been left open at a New York home near Hofstra University.more>> The police officer who accidentally killed a Long Island college student along with an armed intruder faced perhaps the most harrowing decision of a law enforcement career: choosing the split-second moment when the risk is...more>> Investigators will look closely at a broken section of rail to see if it is connected to the commuter train derailment and collision outside New York City that left dozens injured. Meanwhile, the focus begins to...more>> Tens of thousands of commuters are bracing for a difficult trip around southwest Connecticut and to New York City beginning Monday as workers repair the Metro-North commuter rail line crippled by a derailment and crash.more>> Los Angeles politicians have struggled for more than five years to regulate medical marijuana, trying to balance the needs of the sick against neighborhood concerns that pot shops attract crime.more>> Los Angeles politicians have struggled for more than five years to regulate medical marijuana, trying to balance the needs of the sick against neighborhood concerns that pot shops attract crime.more>> The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.more>> The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.more>> In the spring of 1963, a prominent civil rights leader led dozens of protesters on a four-mile march from a predominantly African-American college campus to the center of Charlotte's downtown.more>> In the spring of 1963, a prominent civil rights leader led dozens of protesters on a four-mile march from a predominantly African-American college campus to the center of Charlotte's downtown.more>> President Barack Obama is delivering the commencement address at Morehouse College, the historically black, all-male institution that counts Martin Luther King Jr. among its alumni.more>> President Barack Obama, in a soaring commencement address on work, sacrifice and opportunity, on Sunday told graduates of historically black Morehouse College to seize the power of their example as black men graduating from...more>> It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials...more>> Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million - the highest Powerball jackpot in history.more>> "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's...more>> "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.more>>
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HOUSTON (AP) - Former Texas billionaire R. Allen Stanford has been sentenced to 110 years in prison for orchestrating one of the largest Ponzi schemes in U.S. history.
The sentence was handed down Thursday by U.S. District Judge David Hittner in Houston.
The financier learned his fate during a court hearing in which two people spoke on behalf of investors about their losses.
A jury in March convicted the 62-year-old Stanford on 13 of 14 fraud-related counts for taking more than $7 billion from investors.
The jury also cleared the way for U.S. authorities to seize millions in bank accounts connected to Stanford.
Prosecutors said Stanford orchestrated a 20-year scheme that took billions through the sale of certificates of deposit from his Caribbean bank.
Stanford's attorneys argued he was a legitimate businessman.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
