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Nov 7, 2013

How is the Coye family going to pay for funeral arrangements?


The family of businessman Michael Coye, who succumbed to a massive heart attack on Tuesday night just days after being released from the Belize Central Prison, is cash strapped and urgently requests that the Financial Intelligence Unit releases funds from bank accounts which have been frozen since 2009.  The family has been living in dire straits and is in need of money to cover the final expenses of their loved one.  The sixty-seven-year-old former proprietor of Money Exchange International was granted bail by the Court of Appeal last Thursday after spending a year and eight months in jail.  Along with his daughter Melonie, who has also been released on bail, Michael Coye was convicted and sentenced to three years in prison in August 2012 for money laundering.  While in prison Coye’s medical condition deteriorated, his affliction with diabetes resulting in loss of sight.  This afternoon, accompanied by attorney Arthur Saldivar, members of the family visited the FIU.


Arthur Saldivar, Attorney for the Coye Family


“Ms. Coye was granted bail by the Court of Appeal yesterday and in lieu of that and the fact that her father is now deceased a pressing issue for the family is to seek the ability to arrange a funeral for Mr. Coye.  That said, as all their assets had been frozen from 2009 to now, funds that were taken from the house and all other assets in the bank, unrelated to the case, were frozen.  I came over to the FIU building to seek an audience with Ms. Williams, the director who is presently still inside the building.  When I came earlier today I was told that the lawyers for the FIU are handling the matter so I was referred to Mrs. Tricia Pitts-Anderson.  I went over to her office only to be told that it’s going to be the director who is going to be dealing with it.  So instead of playing this yoyo and going back and forth, I am back here right now waiting for the director to show herself and come out of the building, as I believe she is presently investigating Mr. Penner and Minister Castro.  So I will not try to disrupt her at this time while she is going through that very important investigation and wait until she has time so that I can find out from her if she will be so kind as to allow this family to access their funds to bury their father and husband.”


Isani Cayetano

“One can assume that it has been rather difficult for the family since all access to what monies they have in the accounts have been frozen.  Do you know how your clients have been surviving in terms of dealing with bills and what-have-you?”


Arthur Saldivar

“By the grace of God and friends.  That has been how Mrs. Marlene Coye has survived.  Mrs. Marlene Coye has been very strong in trying to maintain her dignity and integrity throughout this entire ordeal.”

According to Saldivar he left the FIU offices just before five o’clock this evening and still did not see the director, Marilyn Williams.

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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3 Responses for “How is the Coye family going to pay for funeral arrangements?”

  1. MIZZ BARROW says:

    Aah, come on now. The Coyes came up with the money for bail posting, not once but twice; but now they do not have the monies to bury the old crook. Gimme a break Belize!

    Gawd, we are so naïve in this country, it makes me want to drink some poison.

    Castro “clear the land” conned us, my beloved brethren conned us, Godwin Hulse conned us, Penner “the Mennonite” conned us and now the Coyes?

    Gawd, we Belizeans are really simple minded. I am moving out of Belize City, to the land Boots Martinez brother sold me and……… oh wait, that land has been sold to three different people.

    Lawd God, please hear my cry. Why have you abandoned us? Disciples of Satan are destroying Belize.

  2. oscar123 says:

    My sympathy for the family. That being said, there are still people who worked from at Money Exchange who got away with thousands of dollars, I am so surprised that the F.I.U. never investigated this guy…first name Ellis…he is now living large between Guatemala and Costa Rica…so I guess some people got away..but in the end a lot of Belizeans were made victims by this family….

  3. sickntired says:

    Arthur you too wicked you well and know the fiu lady no really di investigate no castro nor penner ha ha. I feel sorry fi di poor old guy though and just hope he mi get fi eat his ham sanwich and coffee before he died god rest the dead. Social security shoudda help bury him after all udp busy di tief all wi money anyway.

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