Top Stanford associate tells of inaccurate financial reports

Top Stanford associate tells of inaccurate financial reports
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Friday, February 3, 2012 - 5:28am

The star witness against R. Allen Stanford - his former chief financial officer, college roommate and alleged fraud co-conspirator - wove a story Thursday about two decades of fudged financial reports and a "blood oath" with a corrupt Caribbean regulator.

"I lied about the truthfulness of the statements of Stanford International Bank Limited," James Davis said in the packed courtroom of U.S. District Judge David Hittner, referring to Stanford's institution in the Caribbean island nation of Antigua.

For more on this story, head to the Houston Chronicle website at http://www.chron.com/business/article/Top-Stanford-associate-tells-of-inaccurate-2959625.php

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