That condo in The Huntingdon belonging to Ken and Linda Lay may soon have company on the market. Randi Stanford, daughter of alleged swindler Robert Allen Stanford — who’s lived in a 2,803-sq.-ft. condo in the same highrise at 2121 Kirby for the last 3 years — has agreed to vacate her unit by the end of March.
The agreement ends a longstanding dispute. The court-appointed receiver for the assets of the Stanford Financial Group will put the unit up for sale.
According to HCAD records, Unit 16NE is owned by an LLC whose address is listed as 5050 Westheimer Rd. — the former headquarters of Stanford Financial Group. Writes the Chronicle‘s Mary Flood:
A report by an accountant working for the receiver showed that Allen Stanford paid for the condo with $1.3 million in early 2006. It shows that at least $44,000 paid for condo maintenance came directly from company funds, and that $34,000 of that came from the certificates of deposits issued by Stanford’s bank in Antigua that are at the heart of the alleged fraud.
- Stanford’s daughter will leave condo linked to his firm [Houston Chronicle]
- Stanford’s daughter agrees to vacate condo [Stanford Watch]
- A Look Inside Ken and Linda Lay’s Lonely Highrise Castle Retreat [Swamplot]
- Westheimer Office Building and All: Allen Stanford Says Sell! [Swamplot]
Photo of The Huntingdon: HAR