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Ex-Texas tycoon convicted in $7 billion Ponzi scheme

Published 03/06/2012, Associated Press

A day after telling U.S. District Judge David Hittner they were having trouble reaching a verdict, jurors convicted R. Allen Stanford on 13 of 14 charges he faced, acquitting him on a single count of wire fraud stemming from Super Bowl tickets he allegedly used to bribe a regulator.

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