(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.