Stanford Ex-CFO Davis May Begin Plea Talks: Atty

Law360, New York (April 9, 2009, 12:00 AM EDT) -- Former Stanford International Bank Chief Financial Officer James M. Davis reportedly may seek a plea deal with the U.S. Securities and Exchange Commission in an effort to mitigate civil and possible criminal charges stemming from his alleged role in an $8 billion Ponzi scheme, according to Davis' attorney.

Attorney David Finn said Thursday that his client might begin negotiating with federal prosecutors from the SEC and the U.S. Department of Justice as soon as this week, Reuters reported.

The report comes about two months after the...
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