James M. Davis (born 1948) is the former chief financial officer of Stanford Financial Group. On 27 August 2009 he pleaded guilty to charges of fraud and obstruction of Justice in relation to a $7 billion investment fraud Ponzi scheme allegedly run by the company. On January 22, 2013, Davis was sentenced to five years in jail for his part in the Stanford Financial fraud. He admitted that he was aware of Allen Stanford's misuse of funds and he assisted in keeping the misuse of funds quiet. Davis was also sentenced to three years of supervised release and had a judgement of $1 billion placed against him. He finished serving his sentence at Memphis FCI and was released on July 24, 2017.