Read the full judgment text of DCCC 306/2013 on BabelCite. This District Court judgment was delivered on 8 August 2013.
1. This is a case about investment frauds and money laundering. In a nutshell the case against the 1 st defendant (D1) was that he was personally involved in the investment fraud on the victims (PW2 and PW3). D1 cheated the investors. Instead of using the money deposited by the investors for investments, D1 and another Myers used the money for his/their own or others benefit. In dealing with the funds he was thus dealing with the proceeds of crime, a fraud and hence money laundering.
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