Ish & Steve... Piarco Update - State Wins US100M in Miami

[pugboy]

werent they already on extradtion list so they been ducking uncle sam a while now
question is if they have moved their us bank accounts since then when flags started raising and who sheltering
that money

A fraud conviction from anywhere in the world can put a green card holder on the US deportations list.

You might see one or two people packing and moving soon.

[adnj]

werent they already on extradtion list so they been ducking uncle sam a while now
question is if they have moved their us bank accounts since then when flags started raising and who sheltering
that money

A fraud conviction from anywhere in the world can put a green card holder on the US deportations list.

You might see one or two people packing and moving soon.

Miami newspapers said that the defendants' US real estate and businesses had been attached by the circuit court pending outcome of the case. Wasn't that about twenty years ago?

If they moved assets outside of the US, that's about all that they'll get to keep because the first $100 million plus is now forfeit; at least until the US criminal court case is filed for moving assests overseas that are subject to a court lien.

Packing and moving should be easy when you've just been released from a US prison.

[pugboy]

at the end of the day once you weren’t found guilty in a trini court you are considered innocent and still free to ramajay here amongst the big boys

[Tezzadude]

The Maritime Financial Group is worth more than $100M USD.

[88sins]

The Maritime Financial Group is worth more than $100M USD.

Only on paper.

[De Dragon]

Wonder if they take a page from the government book and appeal this how sick the government would feel, lots of fanfare for nothing tbh.When will we see that money?
After they appeal and we find out that their businesses are in receivership, all we might remain with is the paper the judgement is written on.

Nah real lawyers eat ah food from this one, including the lickrish AG Liemour, who tried to eat from both sides.

[screwbash]

you all beat up over 100 million. what about duprey, JOHN O' HALLORAN, fairest ass wari ? nothing dont come out of these things. all them boys does plan how to defraud the people of trinidad and tobago who pay taxes and who skin and grin and vote for them over and over like idiots. them fix they business early as to not to pay back a cent. even rowlee teif the money from las alturas an put it under sharon name as to not to pay back none. just move along, pay yuh taxes and keep YOUR nose clean.

[matix]

Malcolm Jones, Calder Hart. Men went with billions

[Dizzy28]

you all beat up over 100 million. what about duprey, JOHN O' HALLORAN, fairest ass wari ? nothing dont come out of these things. all them boys does plan how to defraud the people of trinidad and tobago who pay taxes and who skin and grin and vote for them over and over like idiots. them fix they business early as to not to pay back a cent. even rowlee teif the money from las alturas an put it under sharon name as to not to pay back none. just move along, pay yuh taxes and keep YOUR nose clean.

Trinidad recovered some money from Johhny O. But in general Eric and he boys were quite good at their corruption so it was a mere drop in the bucket to what was looted.

http://paulmclaughlin.ca/wp-content/upl ... hhny-O.pdf

[pugboy]

when yuh tiefing, tief big to cover all the legal expenses down the road

[Dave]

Calder Hart!
Wonder what he is up to now?

[pugboy]

what become of the udecott coe

[Rory Phoulorie]

what become of the udecott coe

The Uff Report wasn’t the deliverable from that COE?

[The_Honourable]

T&T awarded $900M by Miami court in Piarco final judgment

As projected by the Government two weeks ago, the State has been awarded almost $1 billion (TT) by the Miami courts in Government’s successful Piarco civil asset forfeiture case.

This was confirmed in the final judgment now issued in the Miami-Dade circuit court by Judge Reemberto Diaz.

The defendants in the matter–businessman Steve Ferguson, former minister Brian Kuei Tung and US businessman Raul Gutierrez Jr who lost the case in March have to pay the State US$132.5M (TT$900M). But they are appealing the matter.

The State had alleged that Ferguson, Kuei Tung, and Gutierrez had conspired with others to corrupt the bidding process on two construction packages, as well as the maintenance contract for the Piarco International Airport. Gutierrez was the former principal of Calmaquip Engineering Corporation, which provided specialized equipment at the airport.

The matter had taken 19 years since it was first started in 2004 by the Patrick Manning People’s National Movement (PNM) administration.

The court had already found that Kuei Tung and Gutierrez were liable. In the outcome on March 29, a Florida jury found “clear and convincing evidence” that Ferguson had violated Florida’s racketeering statutes and was also liable for fraud and conspiracy to commit fraud. The jury found Ferguson liable for multiple claims arising from fraud perpetrated in connection with the redevelopment of the Piarco Airport in the late 1990s and early 2000s.

The jury concluded that all three were liable for US$32,385,988 in damages suffered by T&T and granted the racketeering claims made by the State of T&T . This trebled the damages awarded to T&T. It was projected then that the final judgment would have been “in excess of US$100m (TT$700M).”

At the time, Ferguson reportedly said he intended to appeal the decision, claiming several elements of the case were “prejudicial”. He accused Government’s representative Faris Al-Rawi of entering false statements during the trial.

Government officials subsequently projected the final judgment would have been completed by settling pre-verdict interest over the 19 years that the case took to complete, plus costs—which they said could bring the final figure close to TT$1B.

 In the final judgment now issued by the court, it was indicated (US)$97.1M constituted the trebled damages figure regarding the jury’s verdict of the (US)$32.3M in damages for which the three defendants were liable.

Diaz also added pre-judgment interest: (US)$38.9M. This was minus (US)$3.5M which constitutes a set-off from paid settlements and restitution to the State. The final total judgment was (US)$132.4M.  

Diaz stated the final court judgment amount will continue to bear interest at the legal rate of interest beginning on the day following the final judgment “through and including the date on which,” the three defendants satisfy the final judgment amount.

He instructed that the three should each complete–under oath–a Florida Civil procedure form and serve this on the state’s judgment creditors within 45 days from the final judgment’s date.

The court is also entitled to enter further order of judgment on awarding attorney’s fees and costs as the State may be entitled to, according to any motion the Government may file.

The trio is understood to have filed an appeal against the judgment. Calls to Ferguson and Kuei Tung received no reply yesterday.

The Government’s US attorney White and Case had filed a motion for the final judgment to be heard later this month. Al-Rawi had said the State had intended to go after the fruits of the judgment awarded to T&T and the matter was projected to be a very significant amount.”

https://guardian.co.tt/news/tt-awarded- ... f635197df4

[Dave]

I wonder if they are that liquid to satisfy those amounts.

[eliteauto]

I wonder if they are that liquid to satisfy those amounts.

Unlikely, and even if they were, who would admit to that level of liquidity? Asset forfeiture and lien/levy would be the more likely route for a loooooong time

[The_Honourable]

Judgement is final, no appeal (yet).

Sum: USD $131,318,840.47

If not satisfied, interest runs at USD $9M per year from date of judgement (today).

[pugboy]

accounts they had in florida were frozen right?
does this mean those accounts can be seized for whatever little in them ?

ferris must be happy he could get more money to pay he fadda in law rent

[Dave]

This is like a mini oil boom.

[redmanjp]

wish our local courts would do these things

[pugboy]

they ain’t collect the money yet but you can be assured it will be spoken

for long before it reach the state coffers

This is like a mini oil boom.

[redmanjp]

so now ppl will know not to have their money in any way linked to US banks and send it to some other country instead

[Dave]

State coffers....sounds like my old man there yes lol.

they ain’t collect the money yet but you can be assured it will be spoken

for long before it reach the state coffers

This is like a mini oil boom.

[Chimera]

so now ppl will know not to have their money in any way linked to US banks and send it to some other country instead

people who hiding money know that a very long time now

down to st lucia was a good place to hide money.

panama as well

[Kickstart]

so now ppl will know not to have their money in any way linked to US banks and send it to some other country instead

people who hiding money know that a very long time now

down to st lucia was a good place to hide money.

panama as well

PNM hides their money there

[pugboy]

since ohalloran days
rudder sing about dat
also clico boys
you get to choose what name you want on the passport
the ex pnm treasurer name is allegedly
victor pena