Stanford Financial Exec Arrested & Charged With Obstruction

Laura Pendergest-Holt, 35, and the CFO of Stanford Financial Group, Inc., based in Houston, Texas, has was arrested today and charged with "obstruction of a proceeding before an agency of the United States." According to the complaint, Pendergest-Holt made "several affirmative misrepresentations" to the SEC in order to obstruct its investigation into the alleged fraud involving the company.

Read FraudTalk's original post on this story here.

Read the story here, here and here.

Read the DOJ's announcement of Pendergest-Holt's arrest here.