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Tuesday, November 24th, 2009

Ponzi Schemer Stanford Remains Hospitalized

August 29, 2009 by Mark Ellis  
Filed under Business

Ponzi Schemer Stanford Remains Hospitalized

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.
 
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