The chief financial officer of Texas businessman Allen Stanford’s Stanford International Bank in Antigua testified that Stanford kept a slush fund to pay for maintenance to his 100-foot yacht and fleet of jets and as bribes for an Antigua regulatory official, according to a story by Reuters news service.

Stanford is accused of bilking $7 billion out of investors through his Antiguan bank’s certificates of deposit. He has pleaded not guilty and is being tried in a federal court in Houston. He was arrested in 2009.

To read the full Reuters story, click here.