Posted On: Wednesday, 20 June 2012 Last Updated: Wednesday, 20 June 2012
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HOUSTON, Texas, June 20, CMC – A week after he was jailed for life, Allen Stanford’s former chief investment officer has agreed to plead guilty and serve three years in prison for her role in Stanford’s seven-billion-US-dollar Ponzi scheme involving Antigua-based Stanford International Bank (SIB), according to reports here.
Laura Pendergest Holt, 38, faces trial in September on charges related to those resulting in Stanford’s June 14 sentence of 110 years in prison.
US prosecutors had requested a maximum sentence of 230 years against Stanford, based on investors’ losses on bogus certificates of deposit sold by SIB.