CONROE – The Associated Press, Reuters, Bloomberg and other major news sources are reporting that R. Allen Stanford required medical treatment on Friday for injuries sustained during an altercation with another inmate at the Joe Corley Detention Center in Conroe.
Multiple reports from various sources including law enforcement state Stanford was treated at and/or admitted to Conroe Regional Medical Center. However, it is against US Marshals policy to disclose such information.
KPRC, Channel 2 Houston reported Stanford stayed in the hospital overnight and was expected to be released on Saturday morning.
By all reports, Stanford’s injuries are not life threatening.
(previous hospitalization while incarcerated)
August 27, 2009 At approximately 5:30am R. Allen Stanford was transported to Conroe Regional Medical Center by MCHD after his it was determined his pulse rate had increased dangerously fast. Stanford who is charged with swindling investors out of $7 billion dollars through the sale of CD’s at his Antigua based Stanford International.
Stanford who was to make a court appearance in front of U.S. District Judge David Hitner to determine who will represent him and how they will fund his defense. His hearing was postponed until a later date.
According to his current attorney, Dick DeGuerin, “ We were told the doctor wants to keep him in the hospital for observation for three to five days.”
According to Judge Hitners case manager, Ellen Alexander Stanford’s pulse reached 300 beats per minute, A normal pulse rate is 60 to 100 beats per minute.
James H. Davis, Stanford’s chief financial officer pleaded guilty to fraud earlier this morning. According to his attorney David Finn, Davis has been cooperating like crazy with authorities and admitted to three felony counts and to forfeit $1 billion. He also added Davis has met for hundreds of hours with investigators helping them locate hundreds of millions of dollars that he said Stanford stashed in European banks.