Ex-executive in Stanford empire to change plea

June 21, 2012 3:53:39 AM PDT
A former executive in the empire of disgraced Texas financier R. Allen Stanford heads to federal court in Houston to enter a new plea.

Former Stanford chief investment officer Laura Pendergest-Holt has been awaiting trial after pleading not guilty three years ago to conspiracy, fraud and obstruction charges. The trial docket shows she's scheduled to enter a new plea Thursday in Houston before U.S. District Judge David Hittner.

There was no indication what the pleas would be. Defense attorney Chris Flood of Houston didn't return messages left by The Associated Press on Wednesday.

Stanford was sentenced earlier this month to 110 years in prison after his conviction on fraud-related charges for bilking investors out of more than $7 billion. Executives Gilbert Lopez and Mark Kuhrt await trials.

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