Stanford's investment boss to receive three years' jail
Laura Pendergest-Holt, the former chief investment officer for Allen Stanford, has agreed to plead guilty and will receive a three-year prison sentence for her role in a $7bn (£4.5bn) fraud. Earlier this month, the former billionaire Stanford was sentenced to 110 years in prison for running a Ponzi scheme in which he stole money from investors around the world to finance an extravagant lifestyle.
In March, a jury convicted Stanford of 13 charges including fraud and conspiracy for selling certificates of deposit from his bank in Antigua to thousands of investors in the US and Latin America. He had already spent some of those proceeds on yachts, girlfriends, sponsorship of a cricket tournament and other accoutrements of a high-rolling life.
Ms Pendergest-Holt, pictured, will plead guilty to a single obstruction of justice charge tomorrowbefore the US District Judge David Hittner. She was indicted on obstruction of justice and conspiracy charges related to her allegedly false testimony to the US Securities & Exchange Commission, which was investigating the fraud.
-
Pope Francis: Being an atheist is alright as long as you do good
-
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
-
Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
-
'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
-
Exclusive: Suspect was inspired by cleric banned from UK after urging followers to behead enemies of Islam
- 1 Pope Francis: Being an atheist is alright as long as you do good
- 2 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 3 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 4 Archaeologists uncover nearly 5,000 cave paintings in Burgos, Mexico
- 5 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?
Banned Iranian director to attend Cannes Film Festival
The 10 Best salt and pepper sets
Ferran Soriano: Predicting success if Manchester City 'vision' is followed
Edward VIII’s phone calls - and how MI5 bugged them


Comments