Trial continues tomorrow in trial of R. Allen Stanford

January 29, 2012 5:07:20 AM PST
Testimony continues tomorrow in the fraud trial of disgraced financier R. Allen Stanford.

Stanford's former chief financial officer, James Davis, will testify for the prosecution. Lawyers for Stanford will argue Davis ran a $7 ponzi scheme. Stanford's lawyers say their client does plan to testify.

Stanford is also facing 100 civil lawsuits. They have been put on hold while the person in charge of Stanford's assets tries to repay investors.