HOUSTON (AP) - July 1, 2009 Defense attorney David Finn said Wednesday that James M. Davis,
60, Stanford Financial Group's former chief financial officer, has
reached an agreement in which he will plead guilty to three counts
he faces as part of the federal government's criminal case against
the financier.
Davis, who has been cooperating with investigators, is set to
make his initial court appearance in Houston on July 13. But Finn
said Davis will not enter his guilty plea until a later court
hearing.
Stanford remains jailed on charges alleging he swindled
investors out of $7 billion.
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