Pendergest-Holt of Stanford Group Gets Prison Term

A top executive in the now-defunct financial empire of the convicted swindler R. Allen Stanford was sentenced to three years in prison on Thursday for her role in helping Mr. Stanford bilk investors out of more than $7 billion in one of the biggest Ponzi schemes in American history.

The sentence for Laura Pendergest-Holt, the former chief investment officer of the Stanford Financial Group, was part of a plea agreement reached with federal prosecutors. She pleaded guilty in June to one count of obstruction of a Securities and Exchange Commission proceeding.

via Pendergest-Holt of Stanford Group Gets Prison Term  – The Associated Press