According to a report in the Montserrat Reporter a US Judge has ruled that R. Allen Stanford has been found mentally fit to stand trial and will face a jury on charges for swindling investors of more than $7 billion.
The Judge’s ruling followed 2 1/2 days of debate over the extent of brain damage the 61-year-old, Stanford, suffered from a jailhouse assault in 2009 and the effects of powerful anxiety medications prescribed in prison after the beating, and the extent to which he might be faking memory loss.
The Montserrat Reporter said Prosecutors stated that Stanford skimmed more than $1 billion of investor funds to acquire a fleet of jets and yachts, multiple mansions and a private Caribbean island, as well as to give money to women with whom he had children. He has denied wrongdoing.
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