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FBN’s Adam Shapiro on the efforts to determine whether the Ponzi schemer is fit to stand trial.
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Rob a one battle to another now we moved to the courts with another story that we're watching today Allen Stanford member and probably haven't talked about -- in a while but that's.
Mr.
Stanford accused of running that seven point two billion dollar Ponzi scheme and indicted in 2921.
Counts of securities fraud and money laundering well.
He's gonna face a big court hearing today's he's back in the news they hearing.
Not just focused on the crime but on his competency is he competent enough.
To stand trial from -- Fox Business -- Shapiro's been on this story now.
Really since it broke he's been on a for a couple years and he joins us now from Houston with the latest which is what out of.
And the key issue at the hearing is going to be over the next three possibly four days.
Whether Allen Stanford possesses the mental capability and them every.
To assist in his defense in September 2009 model as we show you video that we've shot -- mr.
Stanford going into court in different proceedings.
In 2009.
He was beaten severely his face his head smashed into a -- -- the back of his head hitting a concrete floor.
At the jail here in Texas where he was being held.
He was put on pain medications anti anxiety medications as well as antidepressants.
Twelve at all.
In January of this year judge ruled that he was incompetent to assist in he's defense.
Because of its addiction to those medications but also because of potential rain damage from the severe beating.
He is being treated at the -- facility that's -- in -- North Carolina Bernie Madoff lives there right now.
There's a medical facility there -- over the last eight months he's been weaned off of the twelve medications.
And he has been treated for the brain injuries the question now.
Is mr.
Stanford baking amnesia.
He claims to have no memory of the last 59 years he's 61 years old and says he remembers nothing prior to the meeting.
He was given psychological as well as neurological tests and scored lower than people who have proven dementia as well as people he scored lower.
People who are developmentally slow.
Prosecutors say -- -- it.
And that's what's gonna be argued here in -- So you figure out how do you figure out at a -- somebody's taking something like data mean because I don't remember it added that what's what's the argument on the other side going to be today -- now.
He was given tests which show that he scored he he says he's got full capacity but -- no memory.
He was given tests in which -- scored lower than people with mental retardation.
And the prosecutors say that is -- -- he's -- able called forensic psychiatrists.
Forensic neurologist.
And they're gonna be ten witnesses just from the defense alone but the prosecutors -- -- -- it would doctors of their -- and -- it could take up to four days the question is is he telling the truth.
Is the man is charged with fourteen -- wire fraud conspiracy to -- create wire fraud money laundering or is he has the prosecutors say a big thing.
Well that is an interest in kind of development and all this Adam Shapiro remembers everything about this case -- said he's been covered for a couple years today live from Houston thank you out of now.
