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James M. Davis (born 1948) is the former chief financial officer of Stanford Financial Group.On 27 August 2009 he pleaded guilty to charges of fraud and obstruction of Justice in relation to a $7 billion investment fraud Ponzi scheme allegedly run by the company. [1]
On July 1, 2009, James M. Davis, the CFO of the company, agreed to change course from his not guilty plea and plead guilty to three charges related to the Ponzi scheme fraud, once details can be worked out.
A federal judge ordered an end to the U.S. Securities and Exchange Commission's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two former ...
Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme, [1] [2] [3] and is now serving a 110-year federal prison sentence.
The Securities and Exchange Commission was aware beginning in 1997 that R. Allen Stanford was probably operating a Ponzi scheme -- but took eight years to do anything about it because "complex ...
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James M. Davis (born 1948), former chief financial officer of Stanford Financial Group who pled guilty for his role in a US$7 billion Ponzi scheme Other [ edit ]
R. Allen Stanford, the billionaire investor whose firm has been under investigation for allegedly defrauding clients, was indicted by a Houston grand jury and taken into custody Thursday night ...