According to court documents obtained by The Daily Tribune News, Cordell will be evaluated by Federal Bureau of Prisons physicians and psychologists.
The court order states, "The court, having considered the motion of the United States, and for good cause shown, hereby orders that the defendant undergo a psychiatric examination and evaluation as soon as possible."
The order, which was signed by United States District Judge Charles A. Pannell Jr. goes on to say that the evaluation will address the defendant's competency to stand trial.
Cordell appeared in court along with his defense team, Thomas Hawker and Thomas Waldrop. Numerous calls to Waldrop were not returned as of press time.
The court's minute sheet states that proceedings began just after 10 a.m. and concluded after 3 p.m.
Cordell's counsel arranged for a Dr. Norman to come meet with their client and determine if he would be able to proceed. After Norman met with Cordell, defense counsel asked for a continuance of the trial, which the court granted.
Cordell appeared in court to answer two counts of bank fraud, two counts of loan application fraud and two counts of money laundering charges. A Public Affairs officer with the U.S. Justice Department said the trail has been postponed indefinitely.