Stanford Associates Plead Not Guilty To Roles In $7B Scam

Law360, New York (July 19, 2012, 9:23 PM EDT) -- Two former associates of convicted Ponzi schemer Robert Allen Stanford on Thursday in Texas federal court denied charges they helped the disgraced financier bilk 30,000 people out of $7 billion by lying about the performance of Stanford Financial Group’s investments.

Flanked by their attorneys, former Stanford Financial executives Gilbert T. Lopez Jr. and Mark Kuhrt pled not guilty to one count of conspiracy to commit wire fraud and 10 counts of wire fraud at their arraignment before U.S. Magistrate Judge George Hanks.

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