COMPANIES James Davis, the chief financial officer at the Stanford Financial Group, on Thursday pleaded guilty to charges that he helped Sir Allen Stanford, the company’s billionaire founder, in an alleged $7bn Ponzi scheme.
Sir Allen, who set up the Stanford 20-20 cricket tournament, had been due to appear in court on a separate matter but was taken by ambulance to hospital earlier in the day with an irregular heart beat and an extremely high pulse. The businessman was placed under secure observation at the Conroe Regional Hospital Center, a spokesman for the US Marshalls said.
