Stanford Financial CIO goes to trial Monday

July 20, 2009 3:37:06 AM PDT
The Chief investment officer of the Stanford Financial Group is set to go on trial Monday. Laura Pendergest-Holt is charged with obstruction of justice and conspiracy to obstruct justice. Houston financier R. Allen Stanford is accused of running a $7 billion Ponzi scheme. In addition to Pendergest-Holt, Stanford and three other Stanford executives have been indicted.

Pendergest-Holt has pled not guilty and faces a maximum of 10 years in prison and a $500,000 fine.

      QUICK HEADLINES | MORE LOCAL | GET NEWS ALERTS
-----------------------------------------------------------------------------------------------
ABC13 SOCIAL NETWORKING
Find us on Facebook® | Follow us on Twitter | More social networking
-----------------------------------------------------------------------------------------------
MORE FROM ABC13
ABC13 widget | Most popular stories | Street-level weather
ABC13 wireless | Slideshow archive | Help solve crimes
-----------------------------------------------------------------------------------------------


Load Comments