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Accused Texas financier Stanford hospitalized

Accused Texas financier Stanford hospitalized

Texas financier R. Allen Stanford, currently jailed on charges accusing him of bilking investors out of $7 billion, has been taken to a hospital.
Stanford was set to appear in a Houston federal courtroom Thursday for a hearing on whether he can get a new attorney.
But his current attorney, Dick DeGuerin, said that at about 5:30 a.m. (1030 GMT) Thursday, Stanford was taken from the privately run prison where he is being held in the Houston area to a hospital in nearby Conroe with a high pulse rate.
DeGuerin said he did not have any other information about Stanford's condition. The hearing was still set to be held Thursday.
Stanford's former chief finance office, James. M. Davis, was also set to appear in court to change his plea to guilty for his role in the investor fraud.


Updated : 2021-05-13 07:38 GMT+08:00