Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Get updates on Compliance Week offerings, including new features, databases, research, and other resources, along with announcements of upcoming Webcasts, conferences, seminars, CPE/CLE opportunities and more.

Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.

Allen Stanford and Prosecutors Disagree on Length of His Prison Sentence ... By 227 Years

Bruce Carton | June 7, 2012

Sometimes reasonable people can differ on the proper length of a convicted felon's sentence. Take Allen Stanford, for example, who is expected to be sentenced on June 14

Yesterday, U.S. prosecutors urged U.S. District Judge David Hittner to sentence Stanford to prison for 230 years -- 80 years more than Bernard Madoff received for his Ponzi scheme. Prosecutors called Stanford a "ruthless predator" and said he ranks "among the greediest, most selfish, and utterly remorseless criminals." Prosecutors added that "the sheer magnitude of the money stolen, the duration of the crime, and the extent to which Stanford lived a life steeped in deceit are almost unrivaled," justifying "the most severe punishment permitted by law."

Stanford's lawyers, on the other hand, believe that prosecutors have overshot the appropriate sentence for Stanford by over two centuries -- 227 years, to be exact. In fact, Stanford's lawyers have asked the court to impose a prison term of just 31 to 44 months for their client, meaning that he would be a free man and back on the golf course this month given that he has already served over three years in custody. "We feel like our recommendations are every bit as appropriate as I'm sure they think theirs are," said one of Stanford's lawyers.