Convicted billionaire’s property goes to auction

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by KHOU.com Staff

khou.com

Posted on May 12, 2012 at 6:55 PM

HOUSTON--Furniture, printers and other items that used to belong to R. Allen Stanford went to the highest bidder today in northeast Houston.

All the property was seized from Stanford’s old offices in the Galleria area. A jury convicted of bilking investors out of 7 billion dollars. He’s set to be sentenced next month.

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