Source: salon.com
A federal grand jury in Houston has indicted the chief investment officer for Texas billionaire R. Allen Stanford’s companies, alleging she obstructed the government’s investigation in a fraud case.
Laura Pendergest-Holt was indicted Tuesday on one count of conspiring to obstruct a Securities and Exchange Commission investigation into the Stanford Financial Group and a second count of obstructing the investigation.
Each count carries up to five years in prison and a $250,000 fine.
