Davis pleaded not guilty Monday to three charges. Defense attorney David Finn says the Stanford Financial Group's ex-chief financial officer will return to court next week to plead guilty on all charges as part of a deal with prosecutors.
Sixty-year-old Davis is charged with conspiracy to commit mail, wire and securities fraud, mail fraud and conspiracy to obstruct a Securities and Exchange Commission investigation.
U.S. Magistrate Calvin Botley on Monday ruled that Davis can be released on $500,000 bond.
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