Sir Allen Stanford, the alleged mastermind behind a $7 billion investment fraud, will appear in court Tuesday for a hearing to determine whether he is competent enough to stand trial.
The former Texas businessman, who ran Antigua-based Stanford International Bank Ltd, has been imprisoned since 2009 after discovering that his bank was a haven for fraudulent activities.
According to Bloomberg News, Stanford suffered a jailhouse attack not too long after he was sent to his prison in Butner, N.C. “Stanford has recently repeatedly claimed being ‘completely amnestic to his life prior to the assault, stating that 59 years were stolen,’” according to the prosecutor’s filing last week.
U.S. District Judge David Hittner will preside over Stanford’s trial, which is scheduled for January. The defense team has been trying to label Stanford unfit for trial due to his memory loss.
Stanford is scheduled to stand trial next month on charges of investment fraud, where his bank issued false certificates of deposit. Stanford used the funds to finance his lavish lifestyle.
After hiring and dismissing several lawyers—including some high-profile ones—Stanford now has a court-appointed lawyer representing him.