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Nov 3, 2009

Million plus dollars money laundering case heard in court

Story PictureThere was a development today in the million dollar money laundering case against the Coye family, their business Money Exchange International and employees. The Financial Intelligence Unit, which brought the charges against the Coyes made a request to the court to amend the charge sheet to now reflect changes in line with the revised Money Laundering and Prevention Act, which is now the Money Laundering and Terrorism Act that came into effect after the charges were initially brought. Richard “Dickie” Bradley, who represents Jude Coye, Michael Coye and James Gerou, completed his submissions this morning in magistrate Court. Bradley maintains that many statements presented as evidence against his clients are an example of quantity but not quality.

Richard “Dickie” Bradley, Attorney for Coye Family
“This morning we completed my submission. This afternoon my learned colleague Arthur Saldivar will open up with some very heavy guns. We looked at the sixty-odd statements—some had attachments of MoneyGrams—and pointed out to the magistrate that not a single one of those statements has anything to do with the charges against any or all of the defendants; not one single statement. In fact, what was actually brought into the court were photocopies of alleged MoneyGram forms. There is nothing at all to say that any of the defendants wrote out or signed those forms or forged those forms. If those forms are forged, there is nothing in court to show that they forged it. There is in fact no evidence that those forms were taken from the MoneyGram office. It is easy to bring in a lot of paperwork but you must have some link between the paperwork and the charge against the defendants. The worst part of this—and Attorney Arthur Saldivar and myself gone all over the law, gone internet, gone everywhere—the charge is that money laundering occurred on the thirty-first of December; there is nothing that anybody did anything on the thirty-first of December.”

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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