JURY SELECTION BEGINS FOR STANFORD TRIAL

THE long-awaited trial of Allen Stanford, the Texan financier accused of orchestrating a $7.2bn (£4.6bn) Ponzi scheme, begins today with the selection of the jury. While Stanford was charged in 2009 for Antigua-based fraud operations, he has since remained in custody throughout several postponements of the trial on claims that, due to a prison brawl in 2009, he is mentally incapable of standing trial.