• Today
    July 03

  • 06:37 PM

Former head extradited to US


Added 11 November 2019


Former head of the Financial Services Regulatory Commission Leroy King.

ST JOHN’S – The former head of the Financial Services Regulator Commission, Leroy King, has been extradited to the United States.

Last week, the country’s final court ruled against King’s request to quash the 2009 extradition order signed by then Minister of Foreign Affairs and Prime Minister, Baldwin Spencer.

Based on this, King’s ten-year journey towards extradition ended and late Friday he boarded a flight bound for New York City.

“He complied fully as we worked closely with the agents from the USA,” said Attorney General Steadroy Benjamin.

US prosecutors have accused King of being a key player in helping to conceal the massive Ponzi scheme carried out by billionaire and financier Allen Stanford.

Stanford was charged with operating from the Stanford International Bank Ltd he owned in Antigua and Barbuda, which sold certificates of deposit that the US Securities and Exchange Commission said bilked thousands of investors out of billions of dollars.

It is alleged that King received thousands of dollars in bribes from Stanford to ensure the Antigua regulatory authority looked the other way and conducted sham audits of Stanford’s operations.

Stanford was convicted in a US court in 2012 and jailed for a total of 110 years.


Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus


Should Barbados be reopening the borders to commercial airlines as announced by the Prime Minister?