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 >>
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 >>
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 >>
Andre Nevin on the right, trouble for Da UIn 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 >>
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 >>
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 >>
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 >>
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 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 >>
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 >>