February 22, 2011 / 7:03 PM / 9 years ago

UPDATE 1-Allen Stanford moved to Butner prison hospital

* Butner complex also houses Madoff

* Stanford addicted to anti-anxiety drugs (Adds background, byline)

By Anna Driver

HOUSTON, Feb 22 (Reuters) - Jailed financier Allen Stanford has been moved to a prison hospital in Butner, North Carolina, to treat his addiction to anti-anxiety medication, according to the Federal Bureau of Prisons website.

The prison campus in Butner is also where Bernie Madoff is serving a 150-year sentence for masterminding the largest financial crime in history.

A spokesperson for the Bureau of Prisons could not immediately be reached for comment.

Stanford, 60, is accused if running a $7 billion Ponzi scheme. Federal prosecutors said he bilked investors with the sale of fraudulent certificates of deposit issued by his offshore bank in Antigua. He has pleaded not guilty to a 21-count indictment.

The federal medical center in North Carolina where Stanford is a patient is part of a four-facility complex that houses low- to medium-security prisoners, according to the government’s website.

Stanford became addicted to a powerful anti-anxiety medication while jailed. A federal judge in Houston has ruled he is not currently fit to stand trial unless he is weaned off the medication. [ID:nN26193369]

His lawyers also say Stanford suffers traumatic brain injury following a September 2009 fight with another inmate that sent the former billionaire to the hospital with a number of broken facial bones. (Reporting by Anna Driver, editing by Gerald E. McCormick and Derek Caney)

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