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Special Report

The Toyota logo is lit up above Boch Toyota's dealership in Norwood, Massachusetts in this January 27, 2010 file photo. Credit: REUTERS/Brian Snyder

Inside Toyota's epic breakdown

An inside look at the spectacular crisis embroiling one of the world's best-known brands shows a series of unheeded warnings and a stubborn refusal to listen.  Full Article | Video 

Ex-Stanford CFO Davis pleads guilty to fraud

HOUSTON
Thu Aug 27, 2009 1:03pm EDT

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

U.S.

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.


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