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Allen Stanford Completes Drug Treatment?

Accused Ponzi schemer Allen Stanford has been moved from the Bureau of Prisons medical center in North Carolina where he has been undergoing drug rehabilitation treatment since early this year, CNBC has learned.

Allen Stanford
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Allen Stanford

That could be a signal that Stanford has completed his treatment, and may be ready to stand trial. Stanford, 61, faces 14 criminal counts in an alleged $7 billion Ponzi scheme. He has been held without bail since his indictment in 2009, but his trial was delayed after he became addicted to prescription drugs while in custody, and was ruled incompetent to stand trial.

His trial is currently scheduled for January, but it is unclear whether he would be ready for a trial by then. Stanford’s court-appointed attorney, Ali Fazel, was not immediately available for comment. Earlier this week, Fazel declined to discuss the timing of a trial, citing a court-imposed gag order in the case.

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