DALLAS (AP) _ Texas billionaire R. Allen Stanford’s chief investment officer is trying to back out of an order that put her assets under the control of a court-appointed receiver.
She says the receiver’s lawyers seized her family’s car, rifled through her underwear drawer and diverted her mail.
An attorney for Laura Pendergest-Holt described it as a “stunning act of bad faith.”
The Securities and Exchange Commission has accused Stanford and his top officers of running a Ponzi scheme.
Attorney Jeffrey Tillotson has asked a federal judge in Dallas to hear an emergency motion tomorrow requesting the end of receivership control over Pendergest-Holt’s assets.
The SEC on Feb. 17 brought civil charges against Stanford and his top officers.
Pendergest-Holt agreed to the injunction putting her assets under the receiver’s control — hours before criminal charges were brought against her. She faces a charge of obstructing justice.
An attorney who allegedly went to the woman’s home — declined comment.