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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.