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Extradition Of Former Antigua Regulator Delayed

CaribWorldNews, ST. JOHN`S, Antigua, Tues. Sept. 22, 2009: Former Antigua financial regulator, Leroy King, has been given more time to prepare for his extradition hearing.

The hearing, set for Monday, was postponed to December after King`s defense lawyers requested more time to prepare.

King is accused of accepting bribes from accused Ponzi schemer, R. Allen Stanford, to ignore the activities of the Texas billionaire`s company and to write false and misleading letters to the U.S. Securities and Exchange Commission.

He was recently fired as Antigua`s top financial regulator following the charge of Stanford in the alleged $7 billion scheme to swindle investors.

King is under house arrest while Stanford is in a Texas jail. He  is set to be defended by top public defenders, paid for by tax payers dollars since he claims he has no money as his assets are frozen.