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 in ... More >>
The chief investment officer of Allen Stanford's disgraced Ponzi-scheme firm has pleaded guilty to obstructing investigations of it, the U.S. Attorney's Office says.
Laura Pendergest-Holt, 38, said she had hoped to stall an SEC investigation into Stanford International Bank (SIB), the Antiguan offs ... More >>
Why can't a visionary huckster financial genius whose only aim is to help the little people lead better lives get a break?
Cricket-loving Allen Stanford, Houston's second-best scammer after Enron, had proclaimed his innocence through an ever-changing series of attorneys representing him, but for so ... More >>
Blue-Eyed Butcher was Lifetime's take on the Susan Wright case.
It certainly wasn't the first TV movie to be based on a Houston case, and it won't be the last. In fact there are plenty of Houston stories just begging to be made into Lifetime movies. Like these five:
5. Trail Ridin' Dirty: The Feli ... More >>
A federal jury has found Allen Stanford guilty on 13 of the 14 financial fraud counts he was facing, according to tweets from reporters at the federal courthouse.
The verdict ends a long trial against the onetime kingpin Houston financier, who spent millions on cricket and Caribbean resorts but who ... More >>
Bigtime financier Allen Stanford's lawyers are asking the court to let him out on bond, because he's just too high to get ready for trial.
They don't use those exact words, but they tell the judge that prescription medicine Stanfard is taking for a variety of ailments, including those resulting fr ... More >>
Allen Stanford's new lawyerAllen Stanford, the much-put-upon onetime gazillionaire, has finally reached the end of his assembly line of attorneys representing him against massive criminal-fraud charges.Stanford had been going through the higher echelons of the Houston criminal defense bar for som ... More >>
He wants out NOWAccused Ponzi schemer Allen Stanford has issued another plea to the courts to get him the hell out of jail, stat.He filed a motion yesterday saying his ability to function, much less assist his lawyers with his defense, is severely hampered by keeping him a federal detention cente ... More >>
Oh, Allen Stanford, Houston's biggest scammer since Ken Lay, dost the blackness of thine soul know no bottom?It was one thing to fool investors, but now you have broken the heart of a Texas congressman.The McClatchy chain's Washington, DC bureau has been examining Stanford's ties to members of Co ... More >>
The suspense has been so thick you could cut it with....Oh, Christ, what's the word we're looking for here...some kind of cutting implement...a really sharp-edged melon-baller? No, that's not it. Maybe box cutters.At any rate, you can relieve that suspense right now by clicking on our current cov ... More >>
Allen Stanford, the alleged Ponzi-schemer who led a billionaire's life allegedly on the alleged backs of allegedly bilked investors, doesn't like his jail cell.It's got no air-conditioning, it's dark, it's crowded. In other words, it's a lot like Houston in the weeks after Ike. But we're guessing ... More >>
Houston's Allen Stanford has told a federal judge here he's not guilty of a billion-dollar Ponzi scheme; he's also asking to be let out on bail.Stanford's attorney, Dick DeGuerin, told federal magistrate that his client has has a bad week, what with all the transferring between jails.He also, accord ... More >>
Photo via wikimedia commonsStanford in his cricket daysAllen 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 cons ... More >>
Houston has been pining since the Enron days. There's been a whole economic collapse going on, and it seemed like it was passing us by.Not in terms of job losses, of course, although we're doing better than most. But if there are shady businessmen about bilking people out of billions, then dammit, o ... More >>
Photo by Z_deadWho likes to travel with Houston's newest financial-meltdown icon?Senator John Cornyn, that's who.Talking Points Memo has the goods, via legistorm.com, on a "fact-finding trip" (quotes federally mandated by the US Department of Air Quotes) that Cornyn took on Allen Stanford's dime to ... More >>
Photo by yomanimusBloomberg is reporting that the Houston-based Stanford Group Co. is under investigation by the Feds.
In the aftermath of the Bernie Madoff scandal, both the Securities and Exchange Commission and the Financial Industry Regulatory Authority want to know how Stanford can keep payin ... More >>