WASHINGTON, June 19 A federal grand jury has
indicted Texas billionaire Allen Stanford and four others on
fraud and obstruction charges in connection with a $7 billion
scheme to defraud investors, the U.S. Justice Department said
The indictment listed 21 counts against Stanford and the
others, who had been accused of carrying out the fraud for more
than a decade.
It named Stanford corporate officials James Davis, Laura
Pendergest-Holt, Gilberto Lopez and Mark Kuhrt as well as Leroy
King, the chief executive officer of the financial services
regulatory commission in Antigua, where Stanford's business
activities were headquartered.