Tuesday, March 6, 2012

Allen Stanford Convicted in Houston

Posted By on Tue, Mar 6, 2012 at 2:04 PM

H8J4_Stanford_Building_logo.jpg
Allen Stanford, whose company, Stanford Financial, had a big presence in Memphis including sponsorship of the PGA golf tournament, was convicted of fraud Tuesday in Houston.

The New York Times reported that Stanford was convicted on 13 of 14 counts in the jury trial in federal court. The star witness against him was his former college roommate James M. Davis, whose home is in Baldwyn in northeast Mississippi and who worked out of Stanford Financial's former office in East Memphis.

The office was raided in dramatic fashion by federal regulators. One of the key employees of the firm was Davis protogee Laura Pendergest Holt, also formerly of Baldwyn.

Comments

Subscribe to this thread:

Add a comment

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Speaking of School Consolidation

ADVERTISEMENT
© 1996-2016

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation