☰

Global

Stanford receiver found $90 million in assets: FBI


    HOUSTON (Reuters) - The court-appointed receiver overseeing the financial empire of Texas billionaire Allen Stanford has located $90 million in assets so far, an FBI agent said on Friday.

    FBI Special Agent Vanessa Walther told U.S. Magistrate Mary Milloy about the findings during a court hearing held to review criminal charges against Laura Pendergest-Holt, the chief investment officer of Stanford Financial Group. She has been charged in connection with the $8 billion fraud.

    Pendergest-Holt has not yet entered her plea in the proceeding.

    (Reporting by Anna Driver in Houston)