Hints and tips:
...resources are at risk of being delayed or cancelled, Xstrata chief executive Mick Davis writes in a letter to the FT....
...- FT Alphaville Why repealing Rule 436(g) violates the first amendment and other rating agency guff – FT Alphaville Impact of the Repeal of Securities Act of 1933 Rule 436(g) pursuant to Dodd-Frank – Davis...
...In favour of the right to go nude – Sam Jones, Charles Davi and Craig Pirrong, Moorad Choudhry (and again), various FT letter writers, investment banks, hedge funds....
...Sir Michael Bishop, the airline entrepreneur behind BMI, was the board’s preferred candidate for chairman after his main rival, former Reed Elsevier chief executive Sir Crispin Davis, dropped out of the...
...Mr Davis, the group’s former chief financial officer, pleaded guilty in August as part of a deal with federal prosecutors....
...Davis admitted that none of these facts were disclosed to investors....
...at the Stanford Financial Group went far beyond misleading regulators and fleecing investors, according to court documents released as part of the guilty plea entered by the company’s former CFO, James Davis...
...James Davis, the former chief financial officer, negotiated a plea deal with prosecutors, and intends to testify against his one-time colleagues....
...Also, according to federal prosecutors, Mr Davis admitted to defrauding SIB’s investors and misappropriating their assets....
...Mr Davis is due to appear in court in Houston on July 13. “Our cooperation with the authorities is ongoing,” Mr Finn said. He added that Mr Davis would accept “full responsibility” for his actions....
...Mr Davis befriended Sir Allen during the 1970s, whe they were roommates at Baylor University in Texas....
...Both Sir Allen and Ms Pendergest-Holt have pleaded not guilty to all the charges against them; Mr Davis, the former CFO, entered a guilty plea as part of an agreement with prosecutors....
...– Davis Wright Tremaine LLP (PDF)...
...But James Davis, the group’s former chief financial officer, last month pleaded guilty to charges laid out in a separate criminal information as part of an agreement with prosecutors....
...It is not clear whether Mr Davis has similar information to offer....
...Last week, Frances Stacy, US magistrate, ordered that Sir Allen be released on a $500,000 bond, one-fifth of which had to be paid in cash....
...Mr Davis, the second-highest ranking executive at the group, has been charged with conspiracy and fraud....
...In February, the SEC accused Sir Allen and his deputies Laura Pendergest-Holt and James Davis of defrauding investors through a Ponzi scheme – in which investors are repaid from funds acquired from subsequent...
...The financial records examined by the receiver also suggest that neither Sir Allen nor James Davis, his chief financial officer who was named in the SEC’s complaint, invested their own money in the certificates...
...Attorneys for Sir Allen strenuously denied all the allegations against him, while James Davis’ lawyer said he did not expect his client to be indicted....
...Ms Pendergest-Holt has denied all of the charges against her, as have Sir Allen and Mr Davis....
...Ms Pendergest-Holt is the only Stanford executive to have been charged with a crime; her colleagues Allen Stanford and James Davis are currently only facing civil claims....
...James Davis, chief financial officer of Stanford, faces similar allegations in another government filing but has not been indicted....
...During the meeting, Davis stated that SIB was “stronger” than at any time in history....
...Neither Sir Allen nor James Davis, the chief financial officer for the group, were present at the hearing on Thursday....
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