Alleged fraudster Leroy King is set to stand trial in Texas on April 6 – before the same judge who sentenced Allen Stanford to 110 years in prison.
King – the former chief of the Financial Services Regulatory Commission (FSRC) in Antigua and Barbuda – is the only remaining defendant in a $7 billion investment fraud scheme involving Stanford International Bank.
King, of Dickenson Bay, had been a fugitive since 2009, when a jury returned an indictment against him, charging him on 21 counts of conspiracy to commit mail, wire and securities fraud, between 2002 and 2008, in violation of US law.
He is facing seven counts of wire fraud, 10 counts of mail fraud, one count of conspiracy to obstruct justice and obstruction of a Securities and Exchange Commission (SEC) investigation.
He is also charged with conspiracy to commit money laundering.
King is accused of accepting more than $100,000 in bribes from Stanford in exchange for ignoring the actual value of the bank’s assets.
Authorities believe he also assisted Stanford and others in obstructing the SEC’s investigation into the bank.