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Former Financial Services head ordered extradited


Former Financial Services head ordered extradited

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ST JOHN’S, Antigua – The way has been cleared for the extradition of the former head of the Financial Services Regulatory Commission (FSRC), Leroy King, who has been accused of being involved in the multi-billion dollar Ponzi Scheme that was operated by former businessman R. Allen Stanford.

The decision was handed down in court yesterday by Justice Darshan Ramdhani who said that after reviewing King’s arguments, he saw no reason why King’s claim for constitutional relief or the application for leave should be allowed.

On June 24, 2009, the United States made a request for King’s extradition to face trial on 11 fraud related crimes.

Director of Public Prosecutions (DPP) Anthony Armstrong argued against King’s appeal on behalf of the United States.

King has been accused of helping Standord in exchange for US$100 000 in bribes. The charges against him include wire fraud, mail fraud and conspiracy to obstruct investigations. (CMC)