Wednesday, May 13, 2009

Laura Pendergest-Holt indicted

She has been hit with two counts. This short article states that the Chief Investment Officer for the Stanford Financial Group was indicted Tuesday on one count of conspiring to obstruct a Securities and Exchange Commission investigation and a second count of obstructing the investigation. This is the same SEC that was so effective in the time leading up to the Madoff scam implosion. The charges seem to have an air of redundancy about them. What about all the investor's cash that vaporized?

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