Allen Stanford update

[malaise]

http://fraudbytes.blogspot.com/2011/02/sir-allen-stanford-prison-beating-and.html
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Although it's been some time since I've posted anything on Sir Allen Stanford and his $7 billion Ponzi scheme investigation (see this link for prior posts mentioning Stanford), I've been following his case and thought I'd share the latest news on the Knight from Antiqua or the Scammer from Texas, depending on who you talk to.

Stanford was supposed to go to trial last month. However, it appears now that his trial will be postponed for several months. The reason is because he's recovering from his cushy life in prison (not). Just yesterday, in my fraud class, I talked about the myth that white collar criminals have a cushy life in prison. I showed my class what Mark Morze, the former ZZZZ Best fraudster, said about white-collar-prison life.

Well, it looks like Sir Allen's experience suggests that Morze is not alone in his prison experience. Stanford's trial has been postponed because Stanford is addicted to anti-depressants that he got after he was severely beaten in prison. He is also said to be suffering a brain injury from the prison brawl. The photo above says it all.

Ironically, news reports are saying that Stanford is now being transferred to the same prison that Bernie Madoff is housed in. While we don't have any photos that I'm aware of, several news reports said that Madoff was also in a fight since he went to prison.