Laura Pendergest-Holt: Former Stanford Financial Head Gets Three Years In Prison
Laura Pendergest-Holt, 39, the former chief investment officer for the Ponzi-scheming Stanford Financial Group, got her prison sentence today: up to three years in a federal pen.
She got her sentence, prosecutors say, for "obstructing a U.S. Securities and Exchange Commission (SEC) investigation into Stanford International Bank (SIB), the Antiguan offshore bank owned by convicted financier Robert Allen Stanford."
She will also undergo supervised release when she gets out. She had entered a guilty plea earlier in the process.
"In her guilty plea, Holt acknowledged that her eventual appearance and sworn testimony before the SEC was a stall tactic designed to frustrate the SEC's efforts to obtain important information about SIB's investment portfolio," prosecutors said today. "Holt admitted she took this action intentionally and corruptly, knowing that her testimony would impede the SEC's investigation and help SIB continue operating."
Among the agencies handling the case were the Justice Department's Criminal Division; the FBI, the Department of Labor for the Employee Benefits Security Administration, U.S. Postal Inspection Service (USPIS); and the Internal Revenue Service-Criminal Investigation (IRS-CI).
Stanford, 62, has received what is in essence a life sentence of more than 100 years for his role in creating and running the high-flying cricket-playing Caribbean-based fraud enterprise.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Houston Press' biggest stories.
- Federal Judge Vacates Tom Brady's 4 Game Suspension For Deflate-Gate
Sat., Sep. 5, 12:00pm
Sat., Sep. 5, 2:30pm
Sat., Sep. 5, 6:00pm
Sat., Sep. 5, 7:00pm
- Is it Legal For Border Patrol Agents to Shoot and Kill Unarmed Mexican Kids—So Long as...
- Sam Houston State Student Arrested On 4-Year-Old Charge After Stupid Tweet About...