He said the government accepted the recommendation of the country's Financial Services Regulatory Commission that Leroy King be dismissed innmediately.
Stanford was indicted Friday on U.S. charges that his tropical banking empire was really just a Ponzi scheme built on lies and bribery.
The U.S. Justice Department announced charges against Stanford and six others -- including King -- who allegedly helped the tycoon run the alleged fraud.
King, contacted today before Simon's announcement, said he had no comment.
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