The Big Question is when will Leroy King be extradited in the Stanford case?
DIFFERENT POINT OF VIEW by Monte Friesner
29 September 2010
Delays continue in the efforts of the United States to deport the former Administrator and Chief Executive Officer of the Financial Services Regulatory Commission [FSRC] of Antigua, Leroy King, to face justice in the $7.2bn Stanford International Bank Ponzi scheme criminal case pending in the State of Texas.
The Antigua courts have stated that they continue to study the matter, though neither any substantive nor procedural issues have surfaced in the extradition proceedings.
Rumors have run rampant in the Caribbean, to the effect that certain Antigua Government Officials, including some at the ministerial level, may be amongst those the SEC recently mentioned. But did not name in testimony given to the US Congress that will shortly be indicted in the case.
One would expect that Mr. King, who faces serious criminal charges in the United States in the Stanford case, might have first-hand knowledge of any relationship between Alan Stanford and Antigua Government Officials, but it is not known whether such knowledge, if it exists, has figured in the extremely long delay in honoring the American extradition request.
The Commonwealth of Antigua and Barbuda is presently a Defendant in a Class Action brought in US District Court* in Texas, arising out of the Stanford Ponzi scheme.
* Joan Gale Frank et al vs. The Commonwealth of Antigua and Barbuda, case No.: 3:09-cv-02165-N (ND TX)
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