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Stanford Financial's indicted chief investment officer Laura Pendergest-Holt, smiles with her husband Jim Holt, as they listen to her lawyer Dan Cogdell, outside of the Federal Court in this file photo. (AP Photo/The Houston Chronicle, Karen Warren)
She also is working, but attorney Chris Flood declined specifics in answer to a Daily Journal contact Wednesday.
Pendergest-Holt, Stanford's chief investment officer, is scheduled to go on trial July 20 in Texas. She is accused of conspiring and obstructing justice in the federal investigation of Stanford Financial Group in a multibillion-dollar Ponzi scheme.
She has pleaded not guilty to the two counts in the U.S. District Court of the Southern District of Texas.
The court ordered Pendergest-Holt to get a job, but not one in the financial services field.
And it looks like she may be moving from Baldwyn.
"I don't know, but she had plans to move to North Carolina," Flood said to a question about where his client is.
Information about Pendergest-Holt's guidelines for release on $300,000 bond are contained in U.S. District Court records from the Southern District of Texas.
A May 20 court order restricts her travel to Texas, Mississippi and North Carolina, "if she relocates there," it shows in a hand-written addition.
She also is prohibited from selling any property or associating directly or indirectly with any co-defendants or "anyone associated with the case."
She also asked the U.S. magistrate presiding over her case to remove the electronic monitor she's been wearing since her February arrest in Houston.
She said things have changed since she began wearing it, especially the determination she does not have access to a $160 million bank account.
However, the government said it opposes the monitoring change.
Pendergest-Holt is the only one, so far, to be indicted in the Stanford scandal.
The Securities and Exchange Commission also has accused SFG's CEO Richard Allen Stanford, Chief Financial Officer James Davis of Baldwyn and other top executives of conducting an $8 billion fraud by advising clients to buy certificates of deposit at the Antigua-based Stanford International Bank.
Stanford has been quoted saying he expects to be indicted. Davis reportedly is cooperating with prosecutors.
If convicted on both counts, Pendergest-Holt faces up to 10 years in prison and a $500,000 fine.
Contact Patsy R. Brumfield at (662) 678-1596 or patsy.brumfield@djournal.com. Watch for her news updates at nems360.com or twitter.com.