Houston's Ponzi-riffic Allen Stanford Is Indicted
Allen Stanford, the man who singlehandedly revived Houston's fading Enron reputation for corporate scams (here's our feature take on him) has finally been indicted.
A Houston grand jury indicted him on 21 charges of charged with 21 counts of conspiracy, mail fraud, wire fraud, money laundering and obstruction of justice.
Stanford is expected to appear before a federal judge today, The New York Times reports (with a headline describing him as a "Texas financier.")
Stanford's Houston lawyer, Dick DeGuerin, told the Times his man is innocent and that he surrendered himself yesterday "to some FBI agents who were hiding out in black SUV's outside the residence where he was staying in Virginia."
Rice Owls Mens Basketball vs. Charlotte Mens Basketball
TicketsSat., Jan. 28, 7:00pm
Gridiron Glory: The Best of Pro Football HOF -- 10AM-3PM
TicketsMon., Jan. 30, 10:00am
Gridiron Glory: The Best of Pro Football HOF -- 3PM-8PM
TicketsMon., Jan. 30, 3:00pm
Super Bowl Opening Night Fueled By Gatorade
TicketsMon., Jan. 30, 7:00pm
Stanford is really one eager-to-surrender sonuvabitch. In May he showed up at the federal courthouse in Houston looking to surrender to US Marshals and was turned away.
The US Attorney's office in Houston adds:
Also charged in an indictment returned in Houston yesterday and unsealed today was Laura Pendergest-Holt, 35, SFG's chief investment officer; Gilberto Lopez, 66, SFG's chief accounting officer; Mark Kuhrt, 37, SFG's global controller; and Leroy King, 63, the former administrator and CEO of Antigua's Financial Services Regulatory Commission. Stanford was arrested in Virginia last night, and is scheduled to make an initial appearance today in Richmond. Lopez and Kuhrt were arrested this morning and will make initial appearances in Houston this afternoon. Pendergest-Holt, who previously was indicted on obstruction-related charges, will make her initial appearance on the charges unsealed today in Houston in the near future.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.