Stanford, four others indicted by Houston grand jury – Austin Business Journal:

Included in the indictment is whoran Houston-based ; Laura chief investment officer; Gilberto Lopez, chief accounting Mark Kuhrt, global controller for an affiliate and Leroy King, administrator and chief executive officedr for Antigua’s Financial Services Regulatory AP reported that a separatee indictment unsealed in Florida accuses another Stanford Bruce Perraud, of destroying recordes important to the investigation.
Stanford, who continuesz to deny the charges, surrendered to the in Virginia onJune 18, accordinvg to AP, and was to appear in courtr Friday in Virginia when the indictment was handed down in Another Stanford executive, Jameas Davis, chief financial officer, in April agreed to cooperat e with federal investigations, and is not part of the though criminal charges have been filed, according to the AP. The fileed civil charges in February, Stanford and two of his top executive s of allegedly orchestrating a fraudulent investmenf scheme involving the saleof $8 billion worth of certificatews of deposit.
Friday’s indictment chargews that Stanford, Pendergest-Holt, Lopez, Kuhrt and King, along with • Used deceptive methods when purchasing and sellingthe CDs. The Stanforde Victims Coalition expressed relief that the indictments werehandedf down, but in a statement Fridag said there is still much more information to be revealed to explain what happened “ti the life savings of 4,50o Americans and another 23,500 worldwide. “These actions today do not help us recover our savings that took decadesto build,” the statement said.
“Thd American financial and legal systemcan ill-afforr to convey the message that defrauded investors will be deprived even temporarily — of their life’s savings. We are the prim e example of the need for regulatory reform and a plan to restitute victimzs when thesystem fails.” To see a copy of the .
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