Alleged Stanford Cohort Ordered Extradited From Antigua and Barbuda

admin

CaribWorldNews, ST. JOHN`S, Antigua, Tues. April 28, 2010: The former head of Antigua and Barbuda`s Financial Services Regulatory Commission who allegedly worked as a cohort with accused Ponzi schemer R. Allen Stanford, has been ordered extradited.

Leroy King was ordered Monday to be extradited to the United States to face charges he assisted accused Stanford in an alleged $7 billion fraud.

The U.S. had sought the extradition of King after federal prosecutors last year charged him with fraud, conspiracy, obstructing justice and conspiracy to launder money.

`Mr. Leroy King has been ordered to be extradited to face all the charges against him,“ the spokesperson for the attorney general`s chambers in Antigua and Barbuda told Reuters.

King, who has been under house arrest since last year and has 15 days to appeal to the High Court to review the decision.

U.S. prosecutors claim King helped Stanford conceal the massive Ponzi scheme in Antigua and Barbuda.

Stanford is due to stand trial in January 2011. He has insisted he is innocent.

Next Post

Barbados May Soon See Cruise Ships Casinos

CaribWorldNews, BRIDGETOWN, Barbados, Weds. April 28, 2010: Legislation related specifically to cruise ships staying longer in port in Barbados, including allowing them to open their casinos, is under way. That`s the word from Barbados Prime Minister David Thompson. The PM made the disclosure as he addressed the media after a […]