Posts tagged 'James Davis'

An announcement from Blurred Group

blur Group today announced an expansion of its global finance and payments teams as it scales processes and systems to support the next phase of blur’s growth. There are extended remits for existing team members and new senior appointments in the Projects & Payments function and in blur’s Southern California strategy team.

Good news, eh? There’s more… Read more

Big Brother’s blood oaths

The alleged shenanigans at the Stanford Financial Group went far beyond misleading regulators and fleecing investors, according to court documents released as part of the guilty plea entered by the company’s former CFO, James Davis.

In fact, some of the claims are downright weird. Read more

James Davis pleads guilty to charges related to that $7bn Ponzi

Any emphasis FT Alphaville’s:

WASHINGTON – James M. Davis, 60, the former chief financial officer of Houston-based Stanford Financial Group (SFG), pleaded guilty today to fraud and obstruction charges related to a $7 billion scheme to defraud investors, Lanny A. Breuer, Assistant Attorney General of the Criminal Division, and Tim Johnson, the U.S. Attorney for the Southern District of Texas, announced. Read more

Stanford CFO James Davis “intends to plead guilty”, laywer says

James Davis, the former chief financial officer of Stanford Financial Group and who is facing charges related to an alleged $7bn fraud at the group, intends to plead guilty to the three charges against him, his attorney told the Financial Times.

Attorney David Finn, who is representing only Mr Davis, told the FT there would likely be a “procedural not guilty plea” entered at his arraignment, but that his client would ultimately plead guilty to the charges against him “once all the details are worked out.” Mr Davis is due to appear in court in Houston on July 13. Read more