One Time Texas Billionaire May Suffer Brain Damage

As we reported earlier, a federal judge has postponed the trial of the one-time billionaire, Allen Stanford, who has been awaiting trial for running a Ponzi scheme through his Houston, TX firm, Stanford Financial Group. The postponement came after his attorneys argued that he lacked the mental capacity to go to trial because of the many prescription medications he is taking. The judge ordered that he go through detoxification, while the case is put on hold. The withdrawal process from the anti-anxiety and depression drugs could possibly take up to three months and will conducted at a prison hospital rather than a private treatment center.

A Forbes article by Clare O’Connor indicates that not only is Stanford addicted to anti-anxiety medication but he may be suffering from brain damage as a result of a beating he took while incarcerated at the Joe Corley Detention Facility in Conroe, TX. The court order stated that, “Although the three psychiatrists could not identify the exact cause of Stanford’s diminished mental capacity, they opined it could be one or a combination of the following: (1) over medication, which led to addiction; (2) brain damage caused by the head injury sustained in September 2009; and/or (3) Major Depressive Disorder.”

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