HOUSTON (CN) – R. Allen Stanford surrendered to the FBI in Houston Thursday night, hours after a grand jury returned a sealed indictment against him. And in Dallas on Friday the SEC added two accountants and an Antiguan official as defendants in its federal complaint accusing Stanford of running an $8 billion Ponzi scheme through his Antigua-based Stanford International Bank.
The SEC shut down Stanford’s financials operations in February, accusing him and two of his top executives of running a giant Ponzi scheme through the Stanford International Bank. The bank’s CFO James Davis and its chief investment officer Laura Pendergast-Holt were charged with Stanford on Feb. 17.
This morning (Friday) in Dallas, the SEC added accountants Mark Kuhrt and Gilberto Lopez as defendants, claiming they fabricated financial statements to help dupe investors.
The SEC also sued Leroy King, the CEO of Antigua’s Financial Services Regulatory Commission, claiming he took monthly bribes to ignore the Ponzi scheme and provide Stanford with information about the SEC investigation.