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Included in the indictment is Stanford, who ran Houston-based ; Laura Pendergest-Holt, chief investment Gilberto Lopez, chief accounting officer; Mark Kuhrt, globakl controller for an affiliate company; and Lero King, administrator and chief executivw officerfor Antigua’s Financial Services Regulatory Commission. AP reporte d that a separate indictment unsealed in Florida accuse anotherStanford worker, Bruce Perraud, of destroying records importanyt to the investigation. Stanford, who continues to deny the charges, surrenderefd to the in Virginia onJune 18, according to AP, and was to appeaf in court Friday in Virginia when the indictmengt was handed down in Houston.
Another Stanford executive, James Davis, chief financial officer, in April agreed to cooperat withfederal investigations, and is not part of the though criminal charges have been filed, accordinhg to the AP. The filed civil chargesx in February, Stanford and two of his top executives of allegedlgy orchestrating a fraudulent investment schem involving the saleof $8 billion wortn of certificates of deposit. Friday’s indictmenft charges that Stanford, Pendergest-Holt, Lopez, Kuhrt and along with Davis: • Used deceptive methods when purchasing and sellinhthe CDs.
The Stanford Victims Coalition expressed relief that the indictments werehandex down, but in a statement Friday said therwe is still much more information to be reveale d to explain what happened “to the life savings of 4,500 Americans and another 23,500 victims” “These actions today do not help us recover our savingx that took decades to build,” the statemen said. “The American financial and lega l systemcan ill-afford to convey the message that defrauded investors will be deprive d — even temporarily — of theire life’s savings. We are the prime example of the need for regulator reform and a plan to restitute victims when the system fails.
” To see a copy of the .
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