Laura Pendergest-Holt indicted again
A federal grand jury in Houston has indicted the chief investment officer for Texas billionaire R. Allen Stanford’s companies, alleging she obstructed the government’s investigation in a fraud case.
Baldwyn, Miss., resident Laura Pendergest-Holt was indicted Tuesday on one count of conspiring to obstruct a Securities and Exchange Commission investigation into the Stanford Financial Group and a second count of obstructing the investigation.
Each count carries up to five years in prison and a $250,000 fine.
The SEC has accused Stanford and his top executives of conducting an $8 billion fraud by advising clients to buy certificates of deposit at the Antigua-based Stanford International Bank.
AP
5/12/9
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