Jurors say arrogance brought down Stanford

Jurors in the recent trial of convicted Texas financier Allen Stanford say his arrogance and greed, as well as compelling evidence by his former chief financial officer were primarily responsible for his conviction and the forfeiture of US$330 million in assets.



On March 6, the eight men and four women jury found Stanford guilty on 13 of 14 counts.



Two days later, the same jury decided that Stanford must forfeit $330 million in assets in 29 bank accounts seized by the US government.



Stanford was convicted of masterminding a massive $7 billion Ponzi scheme by bilking tens of thousands of investors of high-yield certificates of deposit at his Antigua-owned Stanford International Bank.