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Stanford’s Fraud Trial Delayed While He Gets Help for Addiction

Texas financier R. Allen Stanford won’t go to trial on charges he led a $7 billion investment fraud until after he receives care for a prescription-drug addiction, a federal judge ruled.

“Nothing can be done until the medical aspect is cleared up,” U.S. District Judge David Hittner in Houston told defense lawyers and federal prosecutors yesterday after an almost eight-hour hearing on Stanford’s mental competency.