Allen Stanford Dodges Trial With Drug Addiction

Stanford's trial had been due to begin this week but was postponed indefinitely until he could be considered fit to prepare his defense.

The financier has pleaded not guilty to 21 counts of fraud, money laundering and obstruction. He faces up to 375 years in jail if convicted.

"The court finds Stanford is incompetent to stand trial at this time based on his apparent impaired ability to rationally assist his attorneys in preparing his defense," US District Judge David Hittner wrote in his ruling in Houston, Texas.