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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)
A Baldwyn native, Pendergest-Holt was granted the OK last Thursday to be freed from electronic monitoring, in place since her February arrest on a Securities & Exchange Commission complaint from its investigation of Stanford.
Pendergest-Holt is the only Stanford executive indicted so far in what prosecutors claim is an $8 billion ponzi scheme.
Documents from the U.S. District Court in the Southern District of Texas show Pendergest-Holt told a federal pretrial services officer she was moving to Wilmington, N.C., and that the pretrial office there does not have the mean to supervise a defendant on electronic monitoring.
For more details, read Thursday's Daily Journal.