Disgraced banker Stanford didn't pay his own taxes

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

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 on Tuesday.

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