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.