Ponzi Schemer Stanford Remains Hospitalized
August 29, 2009 by Mark Ellis
Filed under Business
According to R. Allen Stanford’s lawyer, the man accused of orchestrating a massive $7 billion Ponzi scheme is still in the hospital undergoing tests related to a rapid heartbeat. The 59-year-old Texan has been held in custody since mid-June and was released to head to the hospital when his heart rate shot up to 300 beats per minute.
Today marks Stanford’s third day of hospitalization due to, as his lawyer claims, the prison not allowing Stanford, who suffers from high blood pressure, access to the medication he requires. He will undergo a test that will measure blood flow into his heart.
Nobody has been allowed to visit Stanford at the hospital, although Stanford’s lawyer stated that he was able to get a letter to Stanford yesterday. Due to the rapid onset of his condition, Stanford missed a courtroom hearing concerning his legal representation that was scheduled for Thursday.
While Stanford remains in the hospital, hundreds of attorneys and accountants continue to sift through his financials, hoping the find all of the money that Stanford as part of the Stanford Group scam.















