TUPELO – A move to North Carolina looks official for Stanford Financial scandal defendant Laura Pendergest-Holt, who has been a Baldwyn resident.
Documents from the U.S. District Court of the Southern District of Texas show she told the U.S. Pretrial Services Office on May 17 that she would be moving to Wilmington, N.C., and noted the office there does not have the means to supervise an electronically monitored defendant.
She has been wearing the monitor since her arrest in February.
Officer Cynthia N. Morena recommended Pendergest-Holt’s release from the monitor and Magistrate Judge Mary Malloy agreed June 1.
“In addition, she is to report in person to PTS in Wilmington, N.C., once every two weeks for the next 90 days, at a minimum,” Malloy’s handwritten addition to Moreno’s letter stated.
Pendergest-Holt, Stanford’s chief investment officer, was arrested on a U.S. Securities & Exchange Commission complaint alleging her involvement in what prosecutors term an $8 billion ponzi scheme.
She was indicted May 12 on two counts of conspiracy to obstruct the SEC investigation and of obstructing it.
The new documents also note that she and her husband, James Holt, surrendered their passports after her initial arrest.
Pendergest-Holt pleaded not guilty and is scheduled for trial July 20. Prosecutors estimate it could take two weeks.
She remains free on $300,000 bond and is required to find employment as a condition of that release.
Stanford officials R. Allen Stanford and James Davis of Baldwyn have not been indicted. Stanford has been quoted as saying he believes he will be, and Davis’ attorney has said he is cooperating with the government.
Contact Patsy R. Brumfield at (662) 678-1596 or email@example.com.
Patsy R. Brumfield/NEMS Daily Journal