R. Allen Stanford’s former top accounting officers could face more than 20 years in prison when they are sentenced today for helping the Texas financier hide a Ponzi scheme that bilked investors of $7 billion, Bloomberg News reported today. Stanford’s ex-Chief Accounting Officer Gilbert Lopez and former Global Controller Mark Kuhrt were convicted by a jury in November of conspiring to hide an investment fraud built on bogus certificates of deposit at Antigua-based Stanford International Bank Ltd. Lopez and Kuhrt were the last two Stanford executives to be criminally tried for their roles in the scheme. The men were each found guilty of nine of 10 wire fraud counts and one count of conspiracy to commit wire fraud.
