Stanford Pleads Not Guilty To $7B Ponzi Scheme
Stanford, chairman of the Houston-based Stanford Financial Group, entered the plea at his arraignment in the U.S. District Court for the Southern District of Texas. He faces charges of fraud, obstruction, conspiracy and money laundering.
Three executives of Stanford Financial who were named as co-defendants in the indictment — Laura Pendergest-Holt, Gilberto Lopez and Mark Kuhrt — also pled not...
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