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Convicted financier Allen Stanford arrives at Federal Court in Houston for sentencing.

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Former billionaire Allen Stanford was sentenced to 110 years in prison on Thursday for running a $7 billion scheme in which he stole money from his investors to finance an extravagant lifestyle in the Caribbean. (Reuters Photo)

Convicted financier Allen Stanford, who faces up to 230 years in prison for his $7 billion Ponzi scheme, arrives at Federal Court in Houston for sentencing June 14, 2012. In a demand more likely to remain symbolic than be fulfilled, the U.S. government wants Allen Stanford to forfeit $5.9 billion from his massive Ponzi scheme, even though the convicted financier has been declared indigent. The demand requires court approval, and was made two days before Stanford, who was once considered a billionaire, is to be sentenced for operating a multi-billion dollar fraud. Stanford, 62, could spend the rest of his life behind bars. REUTERS/Richard Carson (UNITED STATES – Tags: CRIME LAW BUSINESS)

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