HOUSTON -- The chief investment officer of troubled Stanford Financial Group was due in court Friday, as new details emerged showing the head of the firm borrowed $1.6 billion from the troubled company's assets.Texas billionaire R. Allen Stanford is the "Executive A" referred to in court documents filed against his chief investment officer Laura Pendergest-Holt, a person familiar with the case told The Associated Press on condition of anonymity because it is an ongoing investigation.
Stanford Financial Exec Arrested by FBI
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