Antigua-based offshore banker and convicted Ponzi schemer, Robert Allen Stanford has reach the end of the road in seeking to overturn his 110 year fraud sentence.
With hopes of overturning what is effectively a life sentence Stanford filed a petition for rehearing On December 23 after the US Supreme Court denied his petition for a writ of certiorari On November 28, 2016. However his final appeal was unsuccessful as the US Supreme Court on Monday again declined to hear his appeal.
According to an article published on the site; Caribbean news now “Stanford’s only available legal remedies left, now that he has exhausted his right of appeal, and right to petition for certiorari, are post-conviction prisoner petitions, which are discretionary with the court and generally have a very small chance of success.”
In March 2012 Stanford was convicted by a Houston jury on charges of fraud, conspiracy and obstruction charges.
Stanford, who is 66 years old, is currently being housed in a maximum security penitentiary in Florida. He is not eligible for release before 2105.