- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Stanford executive arrested by the FBI
Posted on 2/27/09 at 11:21 am
Posted on 2/27/09 at 11:21 am
FBI arrests Stanford Financial Group exec
FBI agents arrested the chief investment officer of troubled Stanford Financial Group on Thursday, accusing Laura Pendergest-Holt of obstructing a Securities and Exchange Commission fraud investigation. The SEC has been investigating allegations of an $8 billion investment fraud involving Texas billionaire R. Allen Stanford's financial group.
Pendergest-Holt was arrested in Houston, where Stanford Financial Group is based. The FBI said she was taken to the federal detention center and would appear in federal court this morning for an arraignment. "She is looking forward to working with the government to get all the facts out and put this behind her," her attorney Brent Baker said Thursday night.
The government alleges in a federal complaint that Pendergest-Holt obstructed the investigation with some of her answers to SEC investigators' questions, including failing to reveal to the SEC how much she knew about investments in Stanford International Bank Ltd.
The FBI said in an affidavit that Pendergest-Holt repeatedly misrepresented how much she knew about the bank's Tier III portfolio, which represented about 81% of the bank's portfolio, and did not let the SEC investigators know that she had learned of a $1.6 billion loan to a shareholder.
FBI agents arrested the chief investment officer of troubled Stanford Financial Group on Thursday, accusing Laura Pendergest-Holt of obstructing a Securities and Exchange Commission fraud investigation. The SEC has been investigating allegations of an $8 billion investment fraud involving Texas billionaire R. Allen Stanford's financial group.
Pendergest-Holt was arrested in Houston, where Stanford Financial Group is based. The FBI said she was taken to the federal detention center and would appear in federal court this morning for an arraignment. "She is looking forward to working with the government to get all the facts out and put this behind her," her attorney Brent Baker said Thursday night.
The government alleges in a federal complaint that Pendergest-Holt obstructed the investigation with some of her answers to SEC investigators' questions, including failing to reveal to the SEC how much she knew about investments in Stanford International Bank Ltd.
The FBI said in an affidavit that Pendergest-Holt repeatedly misrepresented how much she knew about the bank's Tier III portfolio, which represented about 81% of the bank's portfolio, and did not let the SEC investigators know that she had learned of a $1.6 billion loan to a shareholder.
1
Posted on 2/27/09 at 11:37 am to Venicetiger
Posted on 2/27/09 at 12:15 pm to Roman Nose
quote:
Intresting.
Yeah, and this is
The SEC did not need to put this line in bold for it to leap off the page: “Prior to joining (Stanford), Pendergest-Holt had no experience in the financial services or securities industries.”
Posted on 2/27/09 at 12:23 pm to Venicetiger
quote:
“Prior to joining (Stanford), Pendergest-Holt had no experience in the financial services or securities industries.”
But she was hot!
Posted on 2/27/09 at 12:34 pm to GeauxElliott
quote:
But she was hot!
Her teeth are pretty jacked up IMHO.
Posted on 2/28/09 at 9:21 am to Venicetiger
Posted on 2/28/09 at 10:05 am to Roman Nose
This would be more appropriate as a WYHI thread.
$1M a year living at Memphis cost of living standards?
$1M a year living at Memphis cost of living standards?
Posted on 2/28/09 at 10:48 am to Roman Nose
And this nugget:
"In secret meetings with select employees in Miami, one employee felt like he "had been kicked" and another began crying when Stanford, Davis and Pendergest-Holt divulged information about the state of the company's assets. When an employee said, "I'm going to the authorities," a company attorney walked over "and suggested they begin to pray together," according to the complaint."
"In secret meetings with select employees in Miami, one employee felt like he "had been kicked" and another began crying when Stanford, Davis and Pendergest-Holt divulged information about the state of the company's assets. When an employee said, "I'm going to the authorities," a company attorney walked over "and suggested they begin to pray together," according to the complaint."
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News