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Appeals court rules Stanford Financial victims can’t get compensation

Stanford Financial Group victims who lost more than  $7 billion in a fraudulent investment scheme cannot get compensation from a financial services corporation created to compensate victims of financial fraud. An appeals court judge in Washington, D.C. on Friday agreed with a district court’s earlier decision that victims of the Ponzi scheme could not get compensation […]

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Posted in Banking & Finance, Business news, International, National, Northeast Mississippi, Stanford Financial, Tupelo0 Comments

Laura Pendergest-Holt

Stanford’s Pendergest-Holt sentenced to 3 years

From our djournal co-hort Patsy Brumfield (full story): HOUSTON, Texas – Baldwyn native Laura Pendergest-Holt was sentenced to three years today for attempting to obstruct a federal investigation of the Stanford financial empire. Holt, 38, appeared with her attorneys in the same Houston courtroom where her former boss, R. Allen Stanford, was convicted last March […]

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Posted in Banking & Finance, Business news, Business newsmakers, Fairpark District, International, National, Northeast Mississippi, Stanford Financial, State, Tupelo1 Comment


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