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Summary Allen Stanford has moved out of a prison hospital where he was being treated for drug addiction.
Financier and cricket mogul Allen Stanford has moved out of a prison hospital where he was being treated for drug addiction, federal prison records showed Thursday.Stanford had been scheduled to stand trial in September for an alleged $7 billion Ponzi scheme, but the hearing was postponed to sometime in early 2012 after a judge ruled he was temporarily unfit to stand trial.Government psychiatrists and Stanfords legal team testified that he was suffering from bouts of delirium linked to his dependency on powerful anti-anxiety medication.They found the 60-year-old was also depressed due to a brain injury he sustained during a 2009 jailhouse brawl, and recommended he be weaned off the drug.The flamboyant Texan has pleaded not guilty to more than a dozen counts of fraud, money laundering and obstruction. He faces up to life in prison if convicted.Stanford is currently being held in a federal prison transfer facility in Oklahoma. A new trial date has not yet been posted in the courts system.A self-described maverick, Stanford hit international sports headlines by creating the eponymous Stanford Super Series Twenty20 cricket competition.The $20 million winner-take-all match appalled many in the cricket world by challenging the sacrosanct traditional cricket establishment.In Antigua, he was a larger-than-life figure, the islands largest employer and the recipient of a 2006 knighthood. But after the allegations against him surfaced, much of his support dwindled and the England and Wales Cricket Board cut ties with him.Stanford launched a $7.2 billion countersuit in February against federal agents alleging violations of his civil rights and illegal prosecution.
