CARIB: Former Antigua finance watchdog CEO jailed for 10 years over $7BN investment fraud - AML Intelligence
AML Intelligence
Business Intelligence on AML and Financial Crime for Executive Leaders

Financial Services, North America, Regulatory

CARIB: Former Antigua finance watchdog CEO jailed for 10 years over $7BN investment fraud

The former head of Antigua’s national financial services watchdog has been sentenced to ten years in prison for his role in assisting the ringleader of a multi-billion-dollar fraud scheme.

Leroy King (74), who began his tenure at Antigua and Barbuda’s Financial Services Regulatory Commission (FSRC) in 2002, was handed down his the sentence in a Texas court Wednesday.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!