Former financial regulator in Antigua-Barbuda loses extradition appeal

Leroy King (in sunglasses) outside the St John’s Magistrate’s Court with attorneys (Antigua Observer file photo)

By Caribbean News Now contributor

ST JOHN’S, Antigua — An appeal by Leroy King, the former administrator of the Financial Services Regulatory Commission (FSRC) in Antigua and Barbuda, who is seeking to stop his extradition to the US to face 11 fraud related charges stemming from the US$7 billion Ponzi scheme operated by Allen Stanford, was rejected on Tuesday by the Eastern Caribbean Supreme Court.

However, the matter of King’s extradition, which has been working its way through the courts since 2009 when US authorities first issued a warrant for his arrest, could still be further prolonged if King decides to try again to appeal again to the Privy Council…

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