This article is over 11 years old


Trial Of Stanford Execs Lopez And Kuhrt Begins

The trial of Stanford Financial Group executives Gilberto Lopez and Mark Kuhrt is set to begin this morning at Houston's federal courthouse. They're charged with supporting a Ponzi scheme that cost investors more than $7 billion.



To embed this piece of audio in your site, please use this code:

<iframe src="" style="height: 115px; width: 100%;"></iframe>

Lopez and Kuhrt stand accused of falsifying accounting statements and bribing financial regulators in Antigua, where Stanford International Bank was based. Both men’s alleged roles in the Ponzi scheme came up repeatedly in R. Allen Stanford’s trial earlier this year. Sandra Thompson heads the Criminal Justice Institute at the University of Houston Law Center.

“The fact that Stanford has already been convicted and received 110 years in prison is not good news for any subsequent defendants.”

Stanford was found guilty of masterminding the $7 billion Ponzi scheme in March. He’s now serving his sentence at the Coleman Federal Correctional Complex in central Florida.

Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew Schneider is the senior reporter for politics and government at Houston Public Media, NPR's affiliate station in Houston, Texas. In this capacity, he heads the station's coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments...

More Information