Allen Stanford’s Ex-CFO James Davis Gets 5-Year Sentence
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Former Stanford Financial Group Co. finance chief James M. Davis was sentenced to five years in federal prison for his role in a 20-year, $7 billion international fraud scheme.
U.S. District Judge David Hittner in Houston also sentenced Davis, who faced as long as 30 years in prison, to three years of post-release probation. The court also imposed a $1 billion money judgment against Davis.