Two Plead Guilty To Money Laundering

March 7, 2011

money-launderingThis morning [Mar.7] in Supreme Court, Roger Vincent Cox, a 38 year old from St. George’s, pleaded guilty to three offences of Money Laundering.

Also appearing with Mr Cox was Michelle Laverne Lindsay, a 49 year old book keeper. Ms Lindsay pleaded guilty to one count of Money Laundering involving her receipt and subsequent ‘layering’ of $25,000.00 of criminal proceeds on behalf of Mr Cox.

Both defendants sentencing was adjourned until the 15th April 2011 so that social enquiry reports could be completed.

A Police spokesman said, “The offences to which he pleaded guilty were identified during the course of a 3 year investigation conducted by members of the Bermuda Police Service Financial Crime Unit. The Court certified that Cox had benefitted from ‘criminal conduct’ in the amount of $2,287,856.91.”

“A Confiscation / Forfeiture order was made in the sum of $1,474,613.82. This order included the forfeiture of more than $750,000 in cash, recovered from the defendant’s home and from a safe deposit box following his arrest as well as the contents of numerous bank accounts held by the defendant and a substantial quantity of jewellery purchased by Cox during the course of his criminal activity.”

Detective Inspector Grant Tomkins, head of the Financial Crime Unit said, “This case was brought to court following a 3 year investigation by officers in my unit. The investigation involved cooperation between numerous agencies, both local and overseas; and serves as an indicator that the Bermuda Police Service will vigorously pursue those involved in laundering the proceeds of criminal conduct.”

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Comments (8)

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  1. strong says:

    OH WELL ITS ABOUT TIME THE START CATCHING UP WITH PEOPLE. TO MUCH OF THIS IS GOING ON.WISH THEM BOTH THE BEST OF LUCK!!!TRUST ME THEY BOTH NEW WHAT THEY WERE DOING.WHAT YOU DO IN THE DARK COMES OUT IN THE LIGHT TRUST ME.

  2. Truth is killin' me... says:

    There’s a few more than just these two. They should go after all of these low lifes and drug dealers!!!

    • The mon says:

      They catch who they want to catch (Truth is Killin’ me) Yankees had that house on that hill for how many years I would be shocked if he was ever audited the word on the streets it in one of his Aunt name now easy is that to track and there are so many more like you said the catch who they want to catch.

    • True 2 says:

      Yeah , like all these guys who no one ever seems to notice are under 40 and never had a job in their lives but drive expensive new cars and own two houses without having any mortgages !

      But too many ppl are hung up on noticing the hardworking ppl,making sacrifices, up to their eyes in debt because they think they have the mythological privilege.

  3. Curious says:

    Qestion: What happens with the Confiscated Money?

  4. Triangle Drifter says:

    Now HERE is a good source of revenue. Use the confiscated assets of criminals such as these to help fund the BPS & judiciary. Think of it as having to pay for the public services you use.

    Aside from the odd traffic offence most of the rest of us do not use the services of the BPS. Make the offenders pay.

  5. Jessica says:

    I don’t understand this case. Another news source names a third party, though no charges were pursued against her. Why? Was she a cooperating witness? In the absence of charges being pursued, does she still forfeit her assets?

    $1.4M was ordered to be forfeited – does this include the rather large home in St. Geo? Why is there a difference in the amount they say he benefited from of $2.28M and the amount forfeited of $1.47M?

  6. Jus' Askin" says:

    Can these Detectives locate the large sum of money missing from the Public Purse?