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Houston Chronicle, Mayra Beltran, Associated Press
Attorney David Finn and James Davis, former Chief Financial Officer in Stanford International Bank Ltd. walk out of Bob Casey U.S. Courthouse upon the conclusion of Davis' first day of testimony on Thursday, Feb. 2, 2012, in Houston. Prosecutors allege Texas financier R. Allen Stanford masterminded a fraud in which he bilked investors out of more than $7 billion in a massive Ponzi scheme centered on the sales of certificates of deposit, or CDs, from a Caribbean bank.

HOUSTON — The man in charge of R. Allen Stanford's finances is returning to the witness stand for a third day at the former tycoon's fraud trial in a Houston federal court.

James M. Davis, the former chief financial officer for Stanford's companies, already has told jurors he helped Stanford fake profits for his Caribbean bank. The 63-year-old Davis is testifying under a plea deal. He's said he and Stanford funneled millions of depositors' dollars to a secret Swiss bank account used for personal expenses, bribes to regulators and employee bonuses.

Prosecutors contend Stanford bilked investors out of more than $7 billion in a massive Ponzi scheme using a bank on the island nation of Antigua.

Stanford, once worth more than $2 billion, has been jailed without bond since his 2009 indictment.