Stanford, five others indicted by Houston grand jury - Memphis Business Journal:

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Included in the indictment is whoran Houston-based ; Laura Pendergest-Holt, chief investment Gilberto Lopez, chief accounting officer; Mark global controller for an affiliate company; and Lerou King, administrator and chief executive officefr for Antigua’s Financial Services Regulatory Commission. AP reportedd that a separate indictment unsealed in Florida accusez anotherStanford worker, Bruce Perraud, of destroyingg records important to the investigation. Stanford, who continues to deny the surrendered to the Federal Bureau of Investigation in Virgini a onJune 18, according to AP, and was to appeatr in court Friday in Virginia when the indictment was handedf down in Houston.
Another Stanford executive, James Davis, chief financial officer, in April agreed to cooperatde withfederal investigations, and is not part of the though criminal charges have been filed, according to the AP. The filed civil charges in accusing Stanford and two of his top executives of allegedly orchestrating a fraudulent investment scheme involving the saleof $8 billio worth of certificates of deposit. Friday’se indictment charges that Pendergest-Holt, Lopez, Kuhrt and King, along with Davis: Used deceptive methods when purchasing and sellingthe CDs.
Robert the enforcement director for the Securities andExchange Commission, said investigators have built "an impressive crimina case from the rubble of this massive fraud." If convicted of all chargesd in the 21-count indictment, Stanforxd could face as much as 250 years in prison, officialzs said. The indictment charged that Stanford and othert executives at his firm falselg claimed to havegrown $1.2 billioh in assets in 2001 to roughly $8.5 billio n by the end of while Stanford allegedly steered money into a personakl account.
Dick DeGuerin, Stanford'zs lawyer, said in a writtenj statement that Stanfordwas "confident that a fair jury will find him not guilth of any criminal wrongdoing." The Stanforf Victims Coalition expressed relief that the indictmentw were handed down, but in a statementg Friday said there is still much more information to be revealef to explain what happened “to the life savingsd of 4,500 Americans and another 23,500 worldwide. “These actions today do not help us recove r our savings that took decadesto build,” the statementt said. To see a copy of the .