Leroy King, once the CEO of Antigua's and Barbuda's Financial Services Regulatory Commission, is to be extradited to the United States for facilitating a $7 billion pyramid scheme orchestrated by the now-infamous Allen Stanford.

Stanford, a Texan who lived in the US Virgin Islands, was the chairman of Stanford Financial Group. He is a citizen of both Antigua and Barbuda and the US and is now serving a 110-year sentence in a federal jail in Florida. The US Securities and Exchange Commission charged him with running a Ponzi scheme in February 2009. King was charged as a co-conspirator of Stanford's and of others.

On 26th April 2010, a magistrate's court in St John’s made an order of committal for King's extradition to the United States for trial in respect of an indictment of that year from Texas that contained 21 counts which charged him with conspiracy to commit 12 mail wire and securities fraud – eight counts of wire fraud, ten counts of mail fraud, conspiracy to obstruct SEC investigation, obstruction of SEC investigation and conspiracy to commit money laundering. In 2011, he was committed under the islands' Extradition Act 1993 and has been appealing against this on constitutional grounds ever since.

King argued that the state was acting in bad faith but the High Court struggled to understand his arguments. Judge Darshan Ramdhani stated in his recent 71-page judgment: "How is bad faith shown if the original indictment is still pending? The US government was duty-bound to proceed with the charges against the others who were present in the USA. They clearly saw the need to seek superseding indictments against Stanford and others. None of those convictions has been overturned. As I have concluded, none of those proceedings really affect the pending charges against this remaining defendant who has effectively always remained at large. I am unable to fathom how there is an arguable case that this shows bad faith."

The court dismissed King's claim for constitutional relief and his application for leave to apply for judicial review.