R. Allen Stanford’s former chief accounting officer, Gilbert Lopez, 70, was sentenced to 20 years in prison for helping to conceal Stanford’s $7 billion Ponzi scheme. U.S. District Judge David Hittner imposed the sentence today in Houston. Also set for sentencing today was Stanford’s former controller, Mark Kuhrt, 40. The men were convicted in November of conspiring to hide the fraud. The fraud was built on bogus certificates of deposit at Antigua-based Stanford International Bank Ltd., prosecutors said. Lopez and Kuhrt were the last two Stanford executives to be criminally tried for their roles in the scheme. More on Bloomberg here.
