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Allen Stanford Owes Over $200 Million In Federal Taxes

DANIEL WAGNER   02/18/09 07:00 PM ET   AP

Allen Stanford

WASHINGTON — Public records show disgraced financier R. Allen Stanford owes hundreds of millions of dollars in federal taxes.

The records show four federal tax liens against Stanford totaling more than $212 million. The liens are from 2007 and 2008.

Federal officials charge Stanford with bilking investors out of billions of dollars by claiming unrealistic returns. His bank is closed following a raid Tuesday.

Stanford is known for an extravagant lifestyle, including private jets, friendships with congressmen and big spending on sport sponsorships and charity.

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Filed by Nicholas Sabloff  |