Is the noose tightening?
James Davis, Allen Stanford’s number 2, sat down with FBI and SEC investigators yesterday, Davis’ lawyer, David Finn, told Bloomberg. Finn said earlier this week that Davis would fully cooperate with both investigations.The SEC has filed a civil complaint against Stanford, Davis, and a third Stanford Financial Group executive, Laura Pendergest-Holt, alleging a “massive ongoing fraud”. Only Pendergest-Holt has thus far been criminally charged, in connection to giving false statements to investigators.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144504