Stanford CIO to be indicted Tuesday: report

Laura Pendergest-Holt, the former chief investment officer of Stanford Financial Group, walks from the Federal Courthouse after posting a $300,000 bond in Houston, February 27, 2009.

HOUSTON (Reuters) - The former chief investment officer of Stanford Financial Group will be indicted by a federal grand jury on Tuesday on more charges than the single count of obstruction she currently faces, Fox Business Network reported on Monday, citing the executive's lawyers.

A court deadline to indict Laura Pendergest-Holt expires on Tuesday.

Dan Cogdell, Pendergest-Holt's criminal defense attorney in Houston said the government had, by his count, until Wednesday to take action and, if an indictment is handed down, his client will plead not guilty.

Pendergest-Holt was arrested in Houston in February on one criminal charge of obstruction. She also faces civil charges for her role in an $8 billion fraud involving certificates of deposit issued by Stanford's Antigua bank.

A spokeswoman for the U.S. Attorney in Dallas could not immediately be reached for comment.

Pendergest-Holt's criminal case is filed in U.S. District Court in Dallas under case number 3:09-mj-00056.

(Reporting by Anna Driver; Editing by Andre Grenon)