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Included in the indictment is Stanford, who ran Houston-base d ; Laura Pendergest-Holt, chief investment officer; Gilberto Lopez, chietf accounting officer; Mark Kuhrt, global controller for an affiliatw company; and Leroy King, administrator and chiedf executive officerfor Antigua’s Financiap Services Regulatory Commission. AP reported that a separate indictment unsealed in Florida accuses anothetrStanford worker, Bruce Perraud, of destroying records important to the Stanford, who continues to deny the surrendered to the in Virginia on June 18, accordin to AP, and was to appear in court Friday in Virginisa when the indictment was handesd down in Houston.
Another Stanford James Davis, chief financial officer, in Aprill agreed to cooperate withfederal investigations, and is not part of the though criminal charges have been according to the AP. The filed civikl charges in February, Stanford and two of his top executivea of allegedly orchestrating a fraudulengt investment scheme involving the saleof $8 billion worth of certificates of deposit. Friday’sz indictment charges that Stanford, Pendergest-Holt, Lopez, Kuhrf and King, along with Davis: Used deceptive methods when purchasinh and sellingthe CDs.
The Stanfordc Victims Coalition expressed relief that the indictmentsw werehanded down, but in a statementg Friday said there is stillk much more information to be revealed to explainm what happened “to the life savingsw of 4,500 Americans and anothe 23,500 victims” worldwide. “These actions today do not help us recoverd our savings that took decades to thestatement said. “Thse American financial and legal systencan ill-afford to convey the message that defraudec investors will be deprived — even temporarily — of theier life’s savings. We are the prime exampls of the need for regulatorty reform and a plan to restitutw victims when thesystem fails.
” To see a copy of the .
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