BUSINESS
02/06/2011 05:12 am ET Updated May 25, 2011

Allen Stanford Too Drugged for Trial, Lawyer Says

Dec. 7 (Bloomberg) -- Jailed financier R. Allen Stanford is too heavily medicated to prepare for or testify at his January trial on charges he led a $7 billion investment fraud, his lawyer claimed in a bid for bail.

Stanford, 60, has been held as a flight risk in a Houston federal lockup since June 2009, when he was charged in an indictment with selling bogus certificates of deposit at his Antigua-based Stanford International Bank Ltd.

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