Stanford Officer Held on $300K Bail

By Harry Kimball,  Newser Staff
Posted Feb 27, 2009 5:10 PM CST
Stanford Officer Held on $300K Bail
The Logo of Stanford Group.   (AP Photo)

Laura Pendergest-Holt, the chief investment officer for disgraced financier Robert Allen Stanford’s firm, is being held on $300,000 bail, the Houston Chronicle reports. Her family is attempting to come up with the $30,000 cash necessary to free her. Holt spent last night in prison after being accused of lying to the Securities and Exchange Commission. Her lawyer was irate about the arrest. She “even flew here to cooperate,” he said. (More Robert Allen Stanford stories.)

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