MIAMI, (Reuters) – Antigua and Barbuda has appointed an experienced banker to head the tiny Caribbean nation’s financial regulatory body, replacing Leroy King, who faces U.S. charges of abetting accused swindler Allen Stanford.
A government statement released late on Monday said John Benjamin, a banker with more than 40 years of experience, was named administrator and chief executive officer of Antigua and Barbuda’s Financial Services Regulatory Commission.
He replaces King, who is under house arrest and awaiting U.S. extradition proceedings for his role in the alleged $7 billion fraud that U.S. prosecutors say was operated by Texas billionaire Stanford and his associates using certificates of deposit issued by Stanford International Bank in Antigua.