By Patsy R. Brumfield / Daily Journal
HOUSTON, Texas – Allen Stanford’s attorneys lost a motion for a mistrial today in response to a remark made by witness James Davis, that Stanford would have to “clear up” how many yachts he actually owned.
Attorneys said it violated his Fifth Amendment right against self-incrimination.
Judge David Hittner overruled the motion but said he would instruct the jury to ignore the remark and to avoid reading or watching news reports that might bring it up.
Davis, who once lived in Northeast Mississippi, continued testimony he began mid-Thursday.
He was Stanford’s chief financial officer and right-hand man.
Thursday, he said he knew the Stamford empire was a financial fraud as early as 1991.
Stanford is on trial on 14 counts involving claims he and others ran a $7.2 billion Ponzi scheme on CD purchasers.
• For his running testimony, click on the Allen Stanford Trial news icon. Follow Brumfield’s instant reports via Twitter @REALNEWSQUEEN.