FBI arrests Stanford Financial Group exec

Full Story At news.yahoo.com

HOUSTON – FBI agents have arrested the chief investment officer of troubled Stanford Financial Group, accusing Laura Pendergest-Holt of obstructing a Securities and Exchange Commission fraud investigation.

The SEC has been investigating allegations of an $8 billion investment fraud involving Texas billionaire R. Allen Stanford’s financial group. Stanford was served legal papers by FBI agents last week and ordered to surrender his passport, but has not been charged with a crime.

This entry was posted in FBI, Financial, Fraud, Legal, Money. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>