Belfast Telegraph

Home News World

Stanford ruled fit to stand trial

Jailed Texas financier R Allen Stanford is mentally competent to stand trial, a judge has ruled.

US District Judge David Hittner announced his ruling after a near three-day competency hearing in Houston federal court for the disgraced financier.

Stanford is accused of duping investors out of seven billion US dollars (£4.4 billion) in a massive Ponzi scheme. His trial is set for January 23

Stanford had been declared incompetent in January due to an anti-anxiety drug addiction he developed while jailed in Houston and was treated for eight months at a federal prison hospital in North Carolina.

Prison hospital officials said Stanford is competent for trial.

However, medical experts who testified for Stanford said a brain injury the financier suffered in a jail fight has left him unable to aid his own defence.


From Belfast Telegraph