Ex-Stanford executive gets 5 years in $7B swindle

 
By JUAN A. LOZANO | Published: January 23, 2013   

The star prosecution witness at the fraud trial of Texas financier R. Allen Stanford expressed remorse Tuesday before being sentenced to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi schemes in U.S. history.

Advertisement

James M. Davis had faced up to 30 years in prison after pleading guilty in 2009 to three fraud and conspiracy charges. At Stanford's trial last year, Davis testified that as chief financial...
View full article on Oklahoman.com

How do I get Full Access?





If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


Diabetes Cure?
(Video) Man uncovers scientific research that destroys his diabetes.
DisarmDiabetes.com
5 Foods for a Flat Belly:
Surprising foods that help to burn abdominal fat.
TruthAboutStomachFat.com

Business Photo Galleriesview all