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Accused Billionaire Allen Stanford Cries, Threatens To Punch ABC Interviewer

First Posted: 05/07/09 06:12 AM ET Updated: 05/25/11 02:10 PM ET

Allen Stanford Cries

Allen Stanford, the disgraced financier who is expecting to be indicted by a federal grand jury in the next two weeks, behaved oddly in an interview with ABC Monday night.

During the interview he cried like a baby, denied he did anything wrong, and threatened to punch the reporter in the mouth.

"I would die and go to hell if it's a Ponzi scheme," Stanford said in the interview. The Securities and Exchange Commission has put forward a civil allegation that he perpetrated an $8 billion fraudulent scheme against thousands of investors, involving "self-styled certificates of deposits" with "improbable" rates of return.



Filed by Julie Satow  |