United States v. James M. Davis - Court Docket Number: H 09- 335
This case is assigned to the Honorable David Hittner, United States District Court Judge for the Southern District Texas, United States Courthouse, 515 Rusk Avenue, Houston, Texas. Arraignment was held on July 13, 2009 before Magistrate Judge Calvin Botley, who released Davis on a $500,000 bond, with a $5,000 cash deposit. The re-arraignment and change of plea hearing previously set for August 6, 2009 at 10 a.m. before Judge David Hittner in Courtroom 8A has been reset for August 27, 2009 at 9:00 a.m.
On June 19, 2009, the United States District Court for the Southern District of Texas unsealed a three count information, filed on June 18, 2009, charging James M. Davis, former chief financial officer for Stanford International Bank, Ltd (SIBL) and its parent company, Stanford Financial Group (SFG), and former member of SIBL’s Investment Committee, with conspiracy to commit mail fraud, wire and securities fraud; mail fraud; and conspiracy to obstruct a Securities and Exchange Commission investigation stemming from a $7 billion investment fraud scheme. The information also seeks forfeiture of up to $1 billion in fraud proceeds.
Davis has agreed to cooperate in the ongoing investigation and enter a guilty plea to the three count information that was previously unsealed on June 19, 2009. The plea agreement letter which is available below describes the terms of the plea agreement the parties intend to submit to the Court for its approval at the August 6th hearing. In light of this development, and in order for us to learn if you have any views in regard to any such plea, please submit your views to the prosecutors handling this investigation, by providing comments to Pam Washington at 1-888-549-3945 or via email at victimassistance.fraud@usdoj.gov, no later than Friday, July 31, 2009. Also, in accordance with the Order Authorizing Compliance with the Justice for All Act issued in this case on July 14, 2009, any victim wishing to appear and to be heard by the Court at the plea hearing must notify Pam Washington at victimassistance.fraud@usdoj.gov by the same July 31 deadline.
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