Stanford Financial Group CFO to plead guilty - San Francisco Business Times:

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Bloomberg reported that Davis’ attorney, Davixd Finn, said in a statement that Davis will continue to cooperate with the investigationand “assisy the prosecution’s attempts to find the billionsw that Stanford sent to Switzerland and other banks in Davis headed up the Memphisx and Tupelo, Miss., offices for Stanford. The Baldwyn, native was a college friend of Stanford’s chairman, R. Allen Stanford and had been with the compang for more than20 years. The Memphise office opened in 1999 and further expanded in 2004 when Davies moved hisoffice here.
Stanford’s chief investment officer Laura also a nativeof Baldwyn, worked from the Tupelio and Memphis offices and has pleaded not In April, Davis agreed to cooperate with federao investigations, and was charged separately from the Houstojn company’s chief executive officer, R. Allebn Stanford, who on June 30 was deniede bail and will remain in jail untilhis trial, set for Aug. 25. Davie will initially enter a “not plea on July 13 beforer afederal magistrate, then change that plea in a lated appearance before a U.S. Districtr Court judge, Bloomberg reported. Stanfords Financial Group is unrelated toStanfords University.