Full Focus

U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Photos of the week

Our best photos from the past week.  See more 

Pictures

U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

Ex-Stanford CFO Davis pleads guilty to fraud

Related News

Related Topics

1 of 4. Stanford Financial Group's former chief investment officer James Davis leaves federal court with his wife Lori in Houston August 27, 2009.

Credit: Reuters/Steve Campbell

HOUSTON | Thu Aug 27, 2009 1:03pm EDT

HOUSTON (Reuters) - The former chief financial officer of Stanford International Bank pleaded guilty on Thursday to charges stemming from an alleged $7 billion fraud.

James Davis, who has been cooperating with federal prosecutors, entered the plea in federal court in Houston.

He faces a maximum of 30 years in prison on the conspiracy, fraud and obstruction charges.

(Reporting by Anna Driver and Erwin Seba in Houston, editing by Gerald E. McCormick)
U.S.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.