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Billions Missing From Stanford Funds

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 07:54 PM
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Billions Missing From Stanford Funds
The official overseeing what's left of "Sir" R. Allen Stanford's financial empire has found only scraps of the $8.2 billion in assets the accused fraudster once claimed.

Only $250 million has been located by the court-appointed receiver of Stanford Financial, according to court testimony Friday by an FBI agent involved in the case.

The testimony came at an arraignment hearing for Stanford Financial's chief investment officer, Laura Pendergest-Holt, who was arrested yesterday in Houston and charged with obstructing the federal investigation into her company. Her lawyer says she is innocent.

http://www.abcnews.go.com/Blotter/WallStreet/Story?id=6974019&page=1Review%20IP
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:08 PM
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1. Surprise, Surprise.
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 08:14 PM
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2. He Invested It With Bernie Madoff
So we're good now.
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