Man Charged In Court, $51,000 Confiscated
In Magistrates Court this morning [Feb 11], 44-year old Ricardo Walker was not required to enter a plea to a charge of having possession of cash that was the proceeds of criminal activity.
Walker was allegedly found with just over $51,000 in his possession as he was going through procedures at Bermuda’s LF Wade International Airport. The matter was deemed to be indictable and Walker must be tried in the Supreme Court.
Senior Magistrate Archie Warner granted Walker bail of $10,000 and required a surety. Walker returns for Mention on 25th February 2014. The funds were confiscated and are being held pending the outcome of any trial.
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If guilty, Thank should buy him 230 days at Westgate.
Believed to be the proceeds of crime or are proceeds of crime?
Recession! What Recession?
That’s what she said…
Gordon
‘Wealth disparity ? ‘ What wealth disparity ? ?
It’s “session” not recession
“a charge of having possession of cash that was the proceeds of criminal activity”. and how do we know this ?? sounds like a judgement has already been made by ..? why waste resources on a supreme court case…if he broke a law and was caught im sure there must be some sort of recourse already on the books…if he has no proof of where he obtained the money then…bureaucracy is a many splendid thing huh ?
Is that a wad of cash in your pocket or are you just happy to see me?
Damn, and I thought we are BREAKING BAD on this island!
and of course he was only going to Vegas!
mug
It is sad that having fairly large sums of cash makes one an alleged criminal, it is as if being broke is to be legal. Sad perspective
I think it’s more the whole thing that you gotta claim it if you take more than 10 grand away with you. Says so right on the sheet you have to fill in.
HAVING the money doesn’t make you a criminal. Breaking the law does.
Actually, you are not allowed to take more than 10k away with you. I was told that by one of the American customs workers down at the airport. They don’t have a problem with any amount you bring to the US, he said its Bermuda policy that has a problem with the amount of cash you take off island. GO figure huh.
Nope. The US Customs form has a section that asks about whether you are bringing into the US more than $10,000 or its equivalent in any currency. If you plan on taking over $10k over the US border you must declare it to the US border authorities.
That may be true, but that is only there so they can stop you for the Bermuda police.
I’ve seen it a couple of times to. When you do declare it, you are escorted away by Bermuda police because the US Customs officials call them.
And like I said, it was a US Custom officer who said that “we do not care how much you bring into the US, its your country that has an issue with it.” My understanding of it is that we put that restriction in place and the US is simply helping us to execute it.
Ever been to a country with similar relations to the the bond we share with the US? I have, and there is no 10k max amount in cash you are allowed to bring. Only in Bermuda.
Although at HSBC, if you want to withdraw cash you are assumed to be a criminal until you prove otherwise.
When we have gambling and I’m a tourist and win 100000 and I want my money cash because my boat is leaving in an hour how do I take my cash home
good question.
All the government tryna do is hold you back thats so stupid that allegedly his paper let him do with it what he likes yall just hatin cus yall broke as sh**
It will probably have to be wired to your account. It won’t be that much anyway, once the take out the taxes (gambling tax; winning tax; rate of exchange; etc.), and then charge a fee for the wire transaction. LOL.
It’s actually illegal to export Bermuda cash, in any amount although they usually don’t care about a few bills in your wallet. The money would have to be converted to another currency to be taken out of Bermuda.
Oh, and if you are a US connected person, the IRS will be informed of your winnings under FATCA – just to ensure you file your tax return and don’t hide the money in an offshore account at HSBC.
All you have to do is declare it. It’s not a crime to take $10,000+ over to the US or to Bermuda, it’s a crime not to declare it. For a US citizen, the IRS wants to know, and for everyone else (including US citizens), the customs agency wants documented reasons why you need to be carrying more than $10000 in cash or negotiable articles.
Simple – if you don’t declare it (which is on the customs form), you are committing a crime.
What about the ex military “preacher” who had, I believe, a gun, ammo and $250,000 worth of gold coins on arrival here and managed to get away without even a fine, and the gold wasn’t seized even though it was not declared.
He could have won that money from gambling at Seahorses like how everyone else does it. That guy most likely won the jackpot, cashed his cheque and was ready to leave this sad sad island. I’d do the same dang thing.
Think of it, that is only 25% of the interest for 1 day to cover our debt.
What we doing with all that cash? Must be in the top 1%.