R. Allen Stanford’s former chief financial officer and right-hand man at his fallen financial empire has struck a plea deal with prosecutors, his lawyer said today.
David Finn, who represents former Stanford Financial Group finance chief James Davis, said that his client will plead guilty to a crime in coming weeks as part of his ongoing cooperation with the government.
Davis is slated to appear before a U.S. magistrate on July 13, and at that time will plead not guilty to three counts of conspiracy and fraud pending against him “for procedural reasons,” Finn said, to allow time to notify victims of a subsequent plea hearing.
And at that subsequent hearing before senior U.S. District Judge David Hittner, Davis will plead guilty to those three counts, Finn said.
“We will accept responsibility and change the plea,” Finn said. “We continue to cooperate as of this moment.”