The chief financial officer of accused swindler Allen Stanford entered a guilty plea on Thursday in a $7 billion fraud case as Stanford was rushed to the hospital with a rapid heart rate.
Under the plea agreement, Stanford's top aide, James Davis, is not entitled to any reduction in his sentence.
The three counts the 60-year-old Davis pleaded guilty to carry a maximum 30 years in prison if served consecutively. (The conspiracy and obstruction counts carry a maximum five year sentence, and the mail fraud count carries a maximum 20 years.)
- Read James Davis' Plea Documents Here
- Read James Davis' Order of Forfeiture Here
A judge could decide to impose the sentence concurrently, reducing the term to 20 years, and Davis could get additional time off for his cooperation, but there is nothing in the agreement that requires it.