Stanford Rushed To Hospital As Ex-CFO Admits Plot

Law360, New York (August 27, 2009, 4:12 PM EDT) -- Former Stanford International Bank Ltd. Chief Financial Officer James M. Davis copped a guilty plea Thursday to his role in an $8 billion Ponzi scheme, just hours after the plot's alleged mastermind, Texas billionaire Robert Allen Stanford, was rushed to an area hospital with a high pulse rate.

At the plea hearing, Judge David Hittner of the U.S. District Court for the Southern District of Texas revealed that Stanford, who is said to have a history of high blood pressure, had been taken to the hospital...
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