Corporate Fraud

  • Blogs

    July 30, 2013

    Top 8 Culinary Scandals of the Past Decade

    It seems every day someone new is coming out of the woodwork to claim he or she was wronged by Paula Deen. The once-beloved host of Paula's Home Cooking on the Food Network has been accused of racial and sexual discrimination by a number of former employees and was quoted using the "N-word" and sayi ... More >>

  • Blogs

    September 13, 2012

    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 in ... More >>

  • Blogs

    June 21, 2012

    Laura Pendergest-Holt: Stanford Financial CIO Pleads Guilty To Obstruction Charges

    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 >>

  • Blogs

    June 14, 2012

    Allen Stanford Gets 110 Years, Despite Claiming Innocence

    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 >>

  • Blogs

    March 6, 2012

    Allen Stanford Guilty on 13 of 14 Counts

    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 >>

  • Blogs

    September 13, 2011

    Rick Perry: Maybe "Ponzi Scheme" Isn't the Slogan to Win the White House

    New poll suggests the answer is "no."​Yes, Public Policy Polling is a Democratic outfit, but nevertheless their new poll released today has some interesting tidbits. "In just three weeks Barack Obama has nearly doubled his lead over Rick Perry," said Dean Debnam, PPP president. "That would se ... More >>

  • Blogs

    August 17, 2011

    Andre Johnson Doesn't Deny Knowing the Rogue Miami Booster

    Andre Nevin on the right, trouble for Da U​In what has the potential to be the most explosive college football scandal since Eric Dickerson was pumping bass out of the speakers of his shiny new gold Trans-Am in the late '70s, a rogue University of Miami booster who doubles as a convicted felon ... More >>

  • Blogs

    August 11, 2011

    Robert Copeland: A Ponzi Schemer Gets Ponzi Schemed Out of $10 Million

    The Ponzi-er gets Ponzied. And pwned.​You are so freaking clever and smart that you have scammed $45 million out of 125 people in a Ponzi scheme. So when someone offers you a risk-free return of 30-40 percent on foreign exchange markets with a personal guarantee you will at least get your mone ... More >>

  • Blogs

    March 2, 2011

    Cover Story: Connecting H Gallery to Three Prominent Recent Art Scams

    ​This week's feature is the account of an alleged art heist conducted by an art gallery in the Heights. Over a dozen local and Texas artists claim that Heidi Powell-Prera and her mother Sandy Bernstein, the owner/operators of H Gallery on West 19th Street, have been scamming artists for the la ... More >>

  • Blogs

    December 28, 2009

    Allen Stanford Breaks A Congressman's Heart

    ‚ÄčOh, 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 >>

  • News

    October 29, 2009

    No Justice

    We've bailed out the banks. When do we go after the crooks behind our financial collapse?

  • Calendar

    October 29, 2009

    Andie Ryan: Shakedown

    This debut author weaves a story of intrigue and betrayal her first time out

  • News

    April 9, 2009

    The Rise and Fall of the Stanford Financial Group

    Castles and corruption lead to criminal charges.

  • Blogs

    March 9, 2009

    Scammed By Stanford? The FBI Wants To Hear From You

    Were you screwed by Houston's Stanford Financial Group? The FBI would like to talk to you.Today they've started a major outreach to investors of the Houston company, asking them to contact the agency by phone or e-mail to detail their investment and experience with this year's Enron."In an effort to ... More >>

  • Blogs

    March 3, 2009

    Exciting New Job Opportunities At Stanford Financial

    Are you an attorney looking to work for a company "that strives every day on every level of our business to achieve a higher standard"?You're in luck!! Such a company advertised in the help-wanted section of the Chronicle Sunday!!The company "has an opening for a skilled, dynamic attorney to partici ... More >>

  • Blogs

    February 17, 2009

    Finally, Houston Has Its Very Own Financial-Meltdown Icon

    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 >>

  • Blogs

    February 13, 2009

    At Least This Financial-Scandal Houstonian Is More Eccentric Than Ken Lay

    Bloomberg 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 paying out 4.5 percent r ... More >>

  • Blogs

    January 9, 2009

    The Most Unlikely Bernie Madoff Savior

    Hair Balls' faith in humanity was temporarily restored this week when we saw a press release headlined "Texas Millionaire Offers Support to Charity Victims of Bernard Madoff." As you know, a lot of good non-profits, like the Innocence Project of Texas, which has helped free a bunch of wrongly convic ... More >>

  • Blogs

    January 2, 2009

    The Innocence Project Of Texas Becomes A Victim

    The Innocence Project of Texas has, apparently, become the victim of one of the bigger crimes of the present day.The IPT, for those who don't know, is an Austin-based group of volunteer students and lawyers who take up the cases of those they feel have been wrongly convicted.One case they're not lik ... More >>

  • Best of Houston

    September 26, 2002