Top Stanford Exec Pleads Guilty
by: Andrew Schneider, June 21, 2012 7:06:00 pm
Laura Pendergest-Holt entered her new plea today at a federal court in Houston.
She was indicted in 2009 on twenty-one counts related to the Stanford fraud, including obstruction.
Prosecutors agreed to drop twenty of those counts and have recommended a three-year sentence. She will be sentenced September 13th.
Stanford himself was convicted in March of thirteen charges, including conspiracy, wire and mail fraud.
Pendergest-Holt was the first person indicted in connection with one of the biggest Ponzi schemes in U.S. history.