15 Rich People Who’ve Done Time
Money can buy a lot of things, but freedom isn’t always one of them. Although it’s true that wealthy people can afford the best lawyers to help them escape the long arm of the law, some of them are caught and made examples of. Here are 15 millionaires and billionaires who despite their wealth, have served or are currently serving time behind bars.
Chinese billionaire Huang Guangyu’s career trajectory was once an inspiring one. After leaving behind his impoverished home as a teenager, he built himself an electronics retail empire and was considered to be the wealthiest man in China by the time he was 36. But in 2008, his rags-to-riches story was overshadowed by accusations of stock market manipulation, bribery, and insider trading. Guangyu was fined, his assets were seized, and he is currently serving a 14-year prison sentence.
Robert Allen Stanford
For almost 20 years, former Texas financier Robert Allen Stanford defrauded more than $7 billion from 30,000 investors spread across 113 countries, making it one of the biggest ponzi schemes ever uncovered. It was revealed in 2009 that Stanford had been scamming investors through his Antigua based company, Stanford Financial Group. Stanford was convicted and given an unbelievable 110-year prison sentence.
He maintains his innocence and took his appeal all the way to the Supreme Court, but was not successful. Stanford will not be eligible for release until 2105.
Eccentric New York millionaire Robert Durst was suspected of murdering his wife, Kathleen, back in 1982, but was never charged with the crime. In 2000, his friend Susan Berman was found brutally murdered but once again, Durst escaped justice despite his suspicious involvement. In 2001, Durst was brought to trial for the murder and dismemberment of his neighbor Morris Black, but cited self-defense and once again walked free.
Finally, in 2015, after giving what sounded like a chilling confession in the HBO documentary series The Jinx, Durst was arrested in connection with Susan Berman’s murder and is currently awaiting trial.