Former Stanford Staff Object to Testifying

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Wednesday, 21 July 2010 06:55

By caribarena news

Former workers within the Stanford Financial Group are trying to avoid giving testimony in an insurance coverage trial preceding the former financier's criminal hearing.

Laura Pendergest-Holt, who earlier petitioned for a separate criminal trial, is now fighting to prevent Lloyd's of London from trying to "place the civil cart before the criminal horse". This is also the view of her co-accused, former chief accounting officer Gilbert Lopez and former global controller Mark Kuhrt.

Lloyd's wants them to provide written statements in the matter. However, the defendants' lawyer is arguing that any evidence given could be used against them in later hearings.  If they opt not to testify, in order to avoid self-incrimination, assumptions could be drawn about their guilt, and this could lead to a victory for Lloyd's, which is being forced to pay for their defense.

The trio's lawyer said instead, the insurance matter should be heard after the criminal trial, when Lloyd's should be allowed to sue for reimbursement, if applicable.

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Armani Jump Suit

JP Farnsworth » 2010-07-21 04:25

Is that an Armani Jump suit Allen is wearing? Okay I had to get in a joke. Really this is a serious matter bordering on sheer lunacy. Every ponzi scheemer arrested so far has cut a deal, and is serving time. Mad Madoff didnt bother with a defense he just gave up. Stanford is the only one putting up a fight.
He tried to flee the country, He took billions of dollars, he ran several businesses at a loss. All the wxxxx in his life cheated on him. It is suggested he was a heavy dxxxxxr. His entire empire vaporized. Does anyone see a pattern here?

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