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Stanford Ruled Competent To Stand Trial

A judge says jailed Houston financier R. Allen Stanford is mentally competent to stand trial.


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U.S. District Judge David Hittner announced his ruling this afternoon after a nearly three-day competency hearing in Houston federal court.

Stanford is accused of bilking investors out of $7 billion in a massive Ponzi scheme. His trial is set for January 23.

Stanford had been declared incompetent early this year 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 defense.

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media's coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media's business reporter, covering the oil...

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