Related News
Stanford investment exec arrested -US Justice Dept
February 27, 2009, Friday
|
Online Edition
Online Edition
US authorities made the first arrest in the Stanford Financial Group fraud investigation yesterday, charging Chief Investment Officer Laura Pendergest-Holt with obstruction, the Justice Department said.
Pendergest-Holt made an initial court appearance before a federal magistrate in Houston after her arrest by FBI agents in the Texas city, the department said.
It said she lied to Securities and Exchange Commission investigators earlier in February when asked about her role in one of the group's investment portfolios and about a US$1.6 billion loan to a shareholder that was in the portfolio.
US securities regulators have filed civil charges against the firm's chairman, Allen Stanford, along with Pendergest-Holt and Chief Financial Officer Jim Davis, accusing them of fraudulently marketing $8 billion in certificates of deposit.
Pendergest-Holt made an initial court appearance before a federal magistrate in Houston after her arrest by FBI agents in the Texas city, the department said.
It said she lied to Securities and Exchange Commission investigators earlier in February when asked about her role in one of the group's investment portfolios and about a US$1.6 billion loan to a shareholder that was in the portfolio.
US securities regulators have filed civil charges against the firm's chairman, Allen Stanford, along with Pendergest-Holt and Chief Financial Officer Jim Davis, accusing them of fraudulently marketing $8 billion in certificates of deposit.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
