Receiver seeks Stanford money from Davis campaign

By Patsy R. Brumfield/NEMS Daily Journal

Southaven Mayor Greg Davis has one more financial question to answer.
Davis’ 2008 congressional campaign received $3,500 from fallen financier R. Allen Stanford.
Tuesday, a federal jury convicted Stanford of a global Ponzi scheme. In a parallel civil case, the court-appointed receiver is selling Stanford assets and looking for related money considered stolen from Stanford investors.
Since February 2010, the receiver has attempted to recover about $1.7 million in donations that Stanford made to both political parties and to congressional campaign committees.
So far, about $154,000 has been returned.
Davis did not answer a Daily Journal call on Wednesday for comment.
Among the political figures who returned money was Sen. Roger Wicker, R-Tupelo, who returned $8,800 in April 2010. Also, Rep. Bennie Thompson, D-Bolton, returned $2,500 in June 2011.
More than $1.15 million was donated to national Democratic Party campaign committees and $367,000 to national Republic Party campaign committees.
Davis’ use of public money as mayor is under investigation by state and federal authorities.

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