Allen Stanford exec sentenced

City A.M. Reporter
A FORMER top executive at Allen Stanford’s now-defunct financial firm was sentenced to three years in prison yesterday for obstructing a US regulatory probe into the disgraced financier’s estimated $7.2bn (£4.6bn) Ponzi scheme.

Laura Pendergest-Holt, 39, had pleaded guilty in June to one count of obstruction of justice, after originally facing 21 counts including fraud and conspiracy.

Pendergest-Holt had been chief investment officer at Stanford Financial Group.