Leroy King, the former head of Antigua and Barbuda’s Financial Services Regulatory Commission (FSRC), has passed away at the age of 80 while serving a U.S. prison sentence. The exact circumstances of his death—whether it occurred in prison or at a hospital—remain unclear, but authorities have confirmed that it took place during his incarceration. King, who held dual citizenship in Antigua and the United States, was extradited to the U.S. in 2019 after nearly a decade of legal battles to avoid extradition. He later pleaded guilty to charges of conspiracy to obstruct justice and obstruction of justice for his role in concealing information from the U.S. Securities and Exchange Commission (SEC) during its investigation into financier Allen Stanford’s $7 billion investment fraud. As the FSRC chief from 2002, King oversaw the operations of Stanford International Bank in Antigua. Prosecutors revealed that he accepted over $520,000 in bribes, gifts, and trips in exchange for shielding Stanford’s fraudulent activities. Stanford himself was convicted in 2012 and sentenced to 110 years in prison for orchestrating a massive Ponzi scheme, while several of his associates received prison terms ranging from three to 20 years.
Former FSRC Chief Leroy King Dies While Serving U.S. Prison Sentence
