Stanford surrenders after indictment
Financier R. Allen Stanford on Thursday surrendered to federal agents in Virginia, hours after being indicted and accused of orchestrating fraud through his eponymous Caribbean-based financial vehicle, according to a report in The Wall Street Journal.
The Justice Department is on Friday likely to declare the charges returned by a Houston grand jury, sources said.
The criminal indictment includes fresh fraud allegations against Laura Pendergest-Holt, former investment chief of Stanford Financial Group, and who prosecutors earlier charged with obstructing an SEC inquiry of the company.
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