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 comment:

  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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