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.
Former CIoT president Stephen Coleclough was sentenced to 14 months in prison, suspended for two years.
According to Robert Half’s annual FTSE 100 CEO Tracker, one in four FTSE 100 bosses hold accounting qualifications
Pell admits he was “a bit surprised” by the letter but believed the audit would re-start after a number of issues have been resolved
National Audit Office report critical of Department for Education's financial statements, amid huge expansion of academies across England