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R. Allen Stanford moved to prison that houses Madoff

Wednesday, February 23, 2011
R. Allen Stanford was indicted for an alleged Ponzi scheme in 2009

R. Allen Stanford was indicted for an alleged Ponzi scheme in 2009

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Federal authorities have moved accused ponzi schemer R. Allen Stanford from a Houston jail to a facility in Butner, North Carolina. The reason? To treat him for an addiction to anti-anxiety medication.

Ironically, the prison in Butner also houses convicted ponzi king, Bernie Madoff. Stanford is charged with running his own $7 billion scheme.

He reportedly became addicted to a powerful anti-anxiety medication while jailed. A judge has ruled he won't be fit to stand trial until he's weaned off the drugs.

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