Saturday 20 June 2009

Antigua's Chief Financial Officer Indicted

Leroy King, chief of Antigua’s Financial Services Regulatory Commission, had been collecting thousands of dollars in bribes from Stanford, the SEC claimed in a lawsuit against him yesterday. In 2006, King met the Texas financier and allegedly outlined a response to keep the U.S. off track: He told the SEC that an on-site examination of Stanford’s firm showed it complied with all “applicable laws and regulations.”
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  1. David13 July 2009 at 07:31

    I wonder what the response will be from the Antiguan government now the FSC have been directly implicated in the Stanford fraud.
    I bet there are a lot of depositors preparing court cases against the Antiguan government at this moment.

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