FORMER CHIEF OF ANTIGUA’S FINANCIAL SERVICES REGULATORY COMMISSION WAS SENTENCED TO 10 YEARS IN PRISON FOR HIS ROLE IN CONNECTION WITH A $7 BILLION STANFORD INTERNATIONAL BANK PONZI SCHEME

On 25 February, a release on Mondo Visione advised that Leroy King, 74, of Dickerson Bay, Antigua, and a dual US/Antigua citizen.  He was extradited to the US in 2019.  In or about 2005, the SEC began investigating R. Allen Stanford and Stanford Financial Group (SFG) and made official inquiries with the FSRC regarding the value and content of SIBL’s purported investments. Subsequently, King admitted that cash payments and other perks that totalled over a half-million dollars over the course of the conspiracy.  Stanford was convicted in 2012 (and is serving a 110-year sentence).

https://mondovisione.com/media-and-resources/news/us-department-of-justice-final-defendant-sentenced-in-7-billion-investment-fra/

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017