The Greedsters Sequels: STANFORD EXECUTIVES STILL BEING SENTENCED

Tuesday, September 18, 2012

STANFORD EXECUTIVES STILL BEING SENTENCED

NYT - Laura Pendergest-Holt, a former Chief Executive Investment Officer for the Stanford Financial Group, Houston, Texas and Antigua in the West Indies, was sentenced to 3 years in prison by Houston's Federal District Court Judge David Hittner on Thursday, September 13, 2012. She was convicted of obstructing an SEC proceeding. 20 other similar charges were dropped in a plea bargain. Ms Pendergest-Holt stated before the Judge: "I'm sorry I was so trusting in people who didn't deserve my trust, and my trusting them caused harm in others". Judge Hittner is the judge who sentenced R. Allen Stanford to 110 years in prison in June, 2012 which he is currently serving in a Central Florida prison. This saga is a common one for Greedsters - loss of big money, prison terms, employees being convicted, years of trials and millions of dollars for lawyers. The end is still not in sight for the period we have experienced - pre - and post - 2007-2012 and beyond.

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