FBI Arrests Executive Of Stanford Financial Group

By: KBTX News Email
By: KBTX News Email

FBI agents have arrested the chief investment officer of troubled Stanford Financial Group, 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 Thursday in Houston.

The FBI said she was taken to the federal detention center and will appear in court Friday morning.

The government alleges in a federal complaint that Pendergest-Holt obstructed the investigation with some of her answers to SEC investigators' questions.

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