Stanford Trials Delayed For Psychiatric Treatment

Law360, New York (June 22, 2011, 12:21 PM EDT) -- A Texas federal judge on Tuesday delayed Robert Allen Stanford's criminal trial by up to four months while the alleged mastermind of a $7 billion Ponzi scheme undergoes psychiatric treatment, days after another judge postponed a related civil case.

The criminal trial, which was scheduled to begin Sept. 12 in Houston, will now begin in January 2012 unless Stanford is deemed competent before then, U.S. District Judge David Hittner ruled.

Judge Hittner, however, warned prosecutors and defense attorneys "to diligently prepare this case to proceed to...
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