Stanford Claims Memory Loss as Fraud Trial Begins

Jan. 23 (Bloomberg) -- The R. Allen Stanford who arrived at the Houston federal courthouse in shackles today to start his $7 billion investment fraud trial is far different from the Texas billionaire prosecutors indicted 2 1/2 years ago. After enduring a string of setbacks since he was jailed, Stanford now claims he can’t remember much of his life or details of his once far-flung business empire, according to his lawyers. Gigi Stone reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)