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By ANIKA KENTISH Associated Press Writer ST. JOHN'S, Antigua (AP) An Antiguan official says the island's former chief financial regulator has surrendered to face U.S. charges that he aided an alleged $7 billion swindle by Texas billionaire R. Allen Stanford.

Leroy King is accused of accepting more than $100,000 in bribes to turn a blind eye to the fraud.

The official who confirmed Thursday's arrest spoke on condition of anonymity because the person is not authorized to discuss the case.

King was fired by Antigua and Barbuda after U.S. prosecutors he was indicted last week by U.S. prosecutors.

Stanford is being arraigned Thursday in Houston on charges that his banking empire was really just a Ponzi scheme built on lies and bribery.

(Copyright 2009 by The Associated Press. All Rights Reserved.) APNP 06-25-09 1000CDT | save this article / add to your favorites list