Constitutional Law

Onetime Billionaire Stanford Is Incompetent for Trial in $7B Fraud Case, Psychiatrist Says

  •  
  •  
  •  
  •  
  • Print.

Onetime billionaire R. Allen Stanford isn’t competent to stand trial on Jan. 24 in a $7 billion investment fraud case because of a “major depressive disorder” and a traumatic brain injury he suffered in a jailhouse beating, a defense psychiatrist testified today.

Dr. Victor Scarano also told a federal judge in Houston that the 60-year-old defendant also is addicted to an anti-anxiety medication, reports Bloomberg.

“He is not able to work effectively, rationally with his attorneys to develop a defense against the charges,” said Scarano.

Earlier coverage:

ABAJournal.com: “Allen Stanford Is Medically ‘Numbed’ and Unable to Testify, Lawyer Says”

Give us feedback, share a story tip or update, or report an error.