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.