Friday, August 28, 2009

Standford Group's #2 pleads gulity to fraud

According to the Wall Street Journal, James Davis, who was the second highest in the Standford Fraud case, pleaded guilty. He admitted to willingly defrauding investors for nearly twenty years. Davis is cooperating with officials to build a case against Allan Standford, who is currently being held in Conroe, Texas. Read the full article here.

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