Accused Ponzi Schemer Lying About Having Amnesia, Say Prosecutors

Federal prosecutors say R. Allen Stanford, the financier accused of defrauding investors of $7 billion, is mentally competent to stand trial and is faking amnesia, according to court documents. A competency hearing is scheduled for Tuesday in a Texas court. Stanford, 61, pleaded not guilty to all charges and later claimed he developed amnesia after a fellow inmate assaulted him in 2009. His defense attorney said in separate documents that the inmate smashed Stanford's face into a pole and...Full Story
Commenting on this article is closed.