A handout photograph distributed by Syria's national news agency SANA on May 22,2013, show detained men, blindfolded and handcuffed, described by SANA as "terrorists fighters", a term commonly used to describe rebels fighting to topple President Bashar al-Assad, in Qusair, near Homs.    SANA/Handout via Reuters

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more 

Photo

Devastated by Tornado

A huge tornado tears through an Oklahoma City suburb.  Slideshow 

Photo

The drone wars

The frontlines of America's covert drone program.  Slideshow 

Sponsored Links

Stanford receiver finds $90 million in assets: FBI

Related Topics

1 of 2. Texan billionaire Allen Stanford talks during an interview in Miami in this May 1, 2008 file photo.

Credit: Reuters/Joe Skipper

HOUSTON | Fri Feb 27, 2009 5:44pm EST

HOUSTON (Reuters) - The court-appointed receiver overseeing the financial empire of Texas billionaire Allen Stanford, who is charged with fraudulently selling $8 billion in certificates of deposit, has located $90 million in assets so far, an FBI agent said on Friday.

FBI Special Agent Vanessa Walther told U.S. Magistrate Mary Milloy about the findings during a court hearing held to review criminal charges against Laura Pendergest-Holt, the chief investment officer of Stanford Financial Group. She has been charged in connection with the $8 billion fraud.

Pendergest-Holt has not yet entered her plea in the proceeding.

She faces one federal criminal charge of obstruction as well as U.S. civil charges.

U.S. prosecutors said Pendergest-Holt concealed her role in and familiarity with Antigua-based Stanford International Bank, which issued the high-yield CDs that the governments says Stanford fraudulently sold to investors.

After being arrested by the FBI at Stanford's Houston-based U.S. headquarters on Thursday and spending the night in a federal detention facility, Pendergest-Holt, 35, appeared in the courtroom, wearing a dark black suit and high heels. She was not handcuffed or restrained.

Dallas lawyer Ralph Janvey, the court-appointed receiver overseeing Stanford's assets, advanced Pendergest-Holt $10,000 on her salary so she could travel to Houston to meet with him at Stanford's U.S. headquarters, Walther said in testimony.

"She was cooperative," the FBI's Walther said, also disclosing that Pendergest-Holt's salary in 2007 and 2008 was $1 million.

After answering questions for several hours, Pendergest-Holt was met in the office lobby by five FBI agents, who arrested her, said Houston lawyer Dan Cogdell, who represented her in the hearing.

Pendergest-Holt was "shaking for hours" afterward, Cogdell said.

(Reporting by Anna Driver in Houston; editing by Jeffrey Benkoe)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.