Stanford CFO sentencing postponed

James Davis, the one-time chief financial officer of Stanford Financial Group who worked out of the East Memphis Crescent Center, was scheduled to be sentenced next month.

He’s admitted to prosecutors his role in what is alleged to be a massive Ponzi scheme surrounding Stanford’s operations, which at one time included an office in Memphis that employed dozens of financial advisors.

Davis’ date in front of a judge won’t come for a while longer, however.

His sentencing has been cancelled, and a new date will be set for sometime after the criminal trial against Stanford and several former executives is over.

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