Stanford Executive Arrested, Charged with Obstruction

A top executive working with accused billionaire fraudster R. Allen Stanford was arrested in Houston Thursday and charged with obstruction. Laura Pendergest-Holt, the chief investment officer at the Stanford Financial Group, was taken into custody by FBI agents after a criminal complaint charged that she made misrepresentations to the SEC in order to obstruct their securities fraud investigation into Stanford, who is alleged to have defrauded investors of an estimated $8 billion. The complaint...Full Story