24.1 C
Thursday, June 20, 2024
HomeNewsRegional NewsAntigua: Leroy King Sentenced to 10 Years for the Role in Stanford...

Antigua: Leroy King Sentenced to 10 Years for the Role in Stanford Ponzi Scheme


(Antigua Observer) The former chief of Antigua’s Financial Service Regulatory Commission (FSRC) was sentenced to 10 years in prison for his role in connection with a $7 billion Ponzi scheme involving the Stanford International Bank (SIB).

Leroy King, 74, of Dickenson Bay, Antigua, please guilty on January 30, 2020, to one count of conspiracy to obstruct justice and one count of obstruction of justice for his role in obstructing the Securities and Exchange Commission (SEC) investigation into SIB.

He was extradited to the United States in November 2019. King is a dual citizen of the United States and Antigua. Beginning in approximately 2002, he served as the administrator and CEO of the FRSC, an agency of the Antiguan government.

Read more


Most Popular

Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks