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HOUSTON — The chief investment officer of troubled Stanford Financial Group was forced to borrow money from her agent Friday to cover her $300,000 attachment and avoid spending the weekend in jail.

“Embarrassingly, I posted the circulating medium out of my recognize account,” said Dan Cogdell, who represents Laura Pendergest-Holt. “I didn’t fall short in to see her spend the weekend in detention. I’salmagundi certain her husband’s family is going to reimburse me on Monday.”

During a court audience Friday, Pendergest-Holt was painted alternately as the scapegoat for what regulators now call a massive Ponzi scheme and as one of the few people who knows where millions stolen from investors are hidden. She was unable to post the $30,000 in cash.

She must impair some ankle monitor as she heads to Dallas for more hearings in her case.

Pendergest-Holt, who looked stake and solemn in a black pantsuit, appeared in federal court as new details emerged showing that the commander of the firm borrowed $1.6 billion from the troubled company’s effects.

She faces charges that she obstructed the Securities and Exchange Commission’s (SEC) investigation of the Stanford scandal by falsehood with regard to her knowledge of the firm’s activities and by dint of. omitting key details.

The SEC on Friday accused Pendergest-Holt’s boss, Texas billionaire and company CEO R. Allen Stanford, and his finance chief James Davis of conducting a “massive Ponzi theory” through companies they controlled, including Antigua-based Stanford International Bank. Stanford and Davis misappropriated billions of dollars of investors’ money and falsified the bank’s financial statements to cover the fraud, the agency related in an amended civil complaint filed in federal court in Dallas.

The SEC on Feb. 17 brought civil charges against Stanford, Davis and Pendergest-Holt. In an $8 billion investing. fraud, investors were lied to about the security of investments sold by dint of. the bank as certificates of throw down and promised unrealistically high rates of go, the SEC alleged. The SEC froze the assets of three of Stanford’s companies. FBI agents served Stanford with legal papers last week, and he was ordered to capitulate his passport, but has not been charged with a crime.

Adding a new dynamic to the scandal, the regulators now say the fraud was a Ponzi stratagem, in which early investors are paid returns from money force in by later investors.

And they allege that Stanford and Davis diverted at least $1.6 billion of investors’ coin through personal loans to Stanford. Stanford and Davis also invested any undetermined amount of customer funds in imaginary, unprofitable sequestered businesses, more of which they controlled, the SEC said in the new complaint.

Pendergest-Holt “facilitated” the alleged scheme by misrepresenting to investors that she managed the bank’s multibillion-dollar investment portfolio and employed a large team of analysts to counsellor it, the SEC said in the new filing.

Cogdell, her attorney, said Friday that his dependant was “set up” by men she trusted: Stanford and Davis.