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Stanford Financial Group
The Stanford Financial Group was a privately held international group of financial services companies controlled by Allen Stanford, until it was seized by American authorities in early 2009. Headquartered at 5050 Westheimer in Uptown Houston, Texas, it had 50 offices in several countries, mainly in the Americas, included the Stanford International Bank, and was said to have managed US$8.5 billion of assets for more than 30,000 clients in 136 countries on six continents. On February 17, 2009, List of federal agencies in the United States, U.S. Federal agents placed the company into receivership due to charges of fraud. Ten days later, the U.S. Securities and Exchange Commission amended its complaint to accuse Stanford of turning the company into a "massive Ponzi scheme". History Allen Stanford traced his company to the insurance company founded in 1932 in Mexia, Texas, by his grandfather, Lodis B. Stanford. However, there was no direct connection between the insurance company and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laura Pendergest-Holt
Laura Pendergest-Holt (born July 23, 1973) is a convicted Ponzi scheme perpetrator, financier, and former chief investment officer of Stanford Financial Group, who was charged with a civil charge of fraud on February 17, 2009. On May 12, 2009, Pendergest-Holt was indicted by a federal grand jury on two counts of a criminal complaint of Obstruction of justice, obstructing a fraud investigation and Conspiracy (crime), conspiracy to obstruct justice. In early 2009, Stanford Financial became the subject of several fraud investigations, and on February 17, 2009, Pendergest-Holt was charged by the U.S. Securities and Exchange Commission with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $8 billion in certificate of deposit, certificates of deposit. The FBI raided three of Stanford's offices in Houston, Memphis, Tennessee, Memphis, and Tupelo, Mississippi. On February 27, 2009, the SEC amended its complaint to describe the alleged fra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
