Antigua Delays Extradition In Stanford Fraud Case

A hearing on a U.S. extradition request for Antigua’s former financial regulator has been postponed until December.

The public prosecutor’s office says the hearing for Leroy King is delayed after defense lawyers requested more time to prepare.

King has been fired as Antigua’s top financial regulator for ties to an alleged $7 billions scheme to swindle investors by jailed Texas financier R. Allen Stanford.

U.S. authorities allege that King accepted bribes to ignore Stanford’s activities and wrote false and misleading letters to the U.S. Securities and Exchange Commission.

King is under house arrest and declines to speak to reporters.

www.caribbean360.com

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