Tag: gold smuggling

Jury faces 100s of dox as gold smuggling case resumes

Jury faces 100s of dox as gold smuggling case resumes

| 16/01/2020

(CNS): The trial of five men who are accused of being involved in an illegal gold smuggling venture resumed this week, after a near month-long break, with the presentation of mountains of documents. The first witness to take the stand as the crown re-opened the case was a police intelligence officer who specialises in electronic […]

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‘Dirty gold’ was proceeds of crime, says QC

‘Dirty gold’ was proceeds of crime, says QC

| 05/12/2019

(CNS): James Hines QC said $6 million worth of ‘dirty gold’ transferred through the Cayman Islands by a group of Venezuelan nationals earlier this year derived from a crime that has not been identified. But opening the crown’s case against five defendants accused of money laundering and conspiracy to conceal criminal property, Hines told the […]

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Gold smuggling trial beset with delays

Gold smuggling trial beset with delays

| 02/12/2019

(CNS): After a week of closed door legal hearings, the trial of five men in a gold smuggling case was due to get underway this week. While the crown was scheduled to open the case Monday, illness plagued the jury, which was empaneled last month and the trial was adjourned. The complex cross-border money laundering […]

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Broker charged in gold smuggling case

Broker charged in gold smuggling case

| 09/09/2019

(CNS): Kody Zander, the VP of the Cayman-based precious metals broker, Byzantium, which processed $6 million worth of gold that is believed to be the proceeds of criminal activity in Venezuela, has become the fifth person to be charged in a case which was busted here by the authorities in May. Zander is expected in […]

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More arrests, charges in gold smuggling case

More arrests, charges in gold smuggling case

| 01/08/2019

(CNS): Four Venezuelan nationals who are all implicated in a complex $6 million gold smuggling operation, which the UK’s National Crime Agency has said is linked to South American drug cartels, appeared in court this week for pre-trial hearings, facing more related charges. It was also revealed that another person, who is connected to the […]

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Gold smuggling case expands to US, Panama

Gold smuggling case expands to US, Panama

| 23/07/2019

(CNS): The ongoing gold smuggling investigation, which began in the Cayman Islands in May after officials found cash hidden in the floor panelling of a private aircraft, has expanded to include law enforcement authorities in the United States and Panama. The RCIPS and the Cayman Customs and Border Control (CBC) Agency was already working with […]

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Gold was drugs profit, say UK officials

Gold was drugs profit, say UK officials

| 21/07/2019

(CNS): The UK’s National Crime Agency has said the gold that passed through the Cayman Islands earlier this year is associated with a South American drug cartel. Four men have already been arrested and charged here in connection with the shipments and cash found hidden in a private aircraft that brought the gold to Cayman […]

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Suspect gold smugglers charged

Suspect gold smugglers charged

| 02/07/2019

(CNS): Two Venezuelan men appeared in court Tuesday, charged with money laundering in connection with more than US$6 million worth of gold which passed through the Cayman Islands in what appears to be a complex international smuggling case. Last May Daniel Aguailar Feriozzi (25) and Fransisco de Ventura Herrera (26) were said to have been […]

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Cash seized, 4 arrested in gold ‘smuggling’ case

Cash seized, 4 arrested in gold ‘smuggling’ case

| 06/06/2019

(CNS): Police have confirmed that four foreign nationals have been arrested and a small private plane and a large quantity of cash seized during the course of a joint investigation by the RCIPS and Customs and Border Control relating to the movement of gold through the Cayman Islands. CNS learned earlier this week that law […]

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