The jury weighing evidence against Allen Stanford said yesterday afternoon it was unable to reach a verdict in the trial of the former Texas financier.

Federal prosecutors say accused Ponzi schemer R Allen Stanford appears to be “faking” memory loss in order to avoid his criminal trial scheduled for next month.

Despite nine months of court-ordered drug treatment, accused Ponzi schemer Allen Stanford is not yet competent to face charges he ran a $7 billion Ponzi scheme, his attorney told CNBC.