A judge has delayed the trial of accused Ponzi schemer R. Allen Stanford, following psychiatrists' testimony that he is not mentally competent due to a brain injury resulting from a jail fight.
January 07, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A judge has delayed the trial of former Texas billionaire and financier R. Allen Stanford, who is accused of bilking investors out of $7 billion in a Ponzi scheme.
U.S. District Judge David Hittner determined that Stanford is not mentally competent to go forward with his case. The financier’s trial had been set to begin Jan. 24.
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