Stanford CFO James Davis is set to appear in a Houston court to answer fraud
and conspiracy charges relating to the investment business’ alleged $7bn Ponzi
Davis will appear in court on Wednesday, after spending several months
cooperating with prosecutors, reports the
Chronicle, although no formal plea agreement is in place.
If he testified against the founder Allen Stanford he would rank alongside
other CFOs who have done the same to their bosses, such as Enron’s Andy Fastow
and WorldCom’s Scott Sullivan.
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