5th February 2016

1302.A back of an envelope overview of MM’s income and expenditure in 2005 shows:

1303.He even was able to fund the payment of school fees for the daughter of his future

wife Lisa Raye McCoy in Switzerland in the sum of $33,220.00.

1304.MM’s 2005 declaration in the Register of Interests referred to his trade or profession

as law and real estate (business) and that he had a home in North Caicos, a

condominium at the Golf Club, a “condo” at the Alexandra, commercial property in

Providenciales (60718/7) and a house under construction, with shareholdings in

Prestigious Property Limited, Alexandra Resort and Grace Bay Plaza Limited. with

Income Assessed Expenditure

$141,308.64 Ministerial salary $5,500 Director’s fees

$19,014.80 Net income from Grace Bay Plaza (MM held an 80% share of the Plaza)

$30,000 consultancy payment from Saunders & Co.

$1,400,000.00 $110,000 to Royal Jewels $23,900 to purchase Jeep wrangler $60,000 wedding preparations $47,768.69 Valentino clothing

$543,675.60 credit card expenditure

Total $190,873.44 Total $2,185,341.29

Difference $1,994,467.85

Liabilities were to Barlcays, Belize Bank, Johnston International and Security

Lenders Ltd. He stated that he had no financial sponsorship, gifts etc to declare.

1305.In 2006, the year Michael Misick married Lisa-Raye McCoy, further payments were

made towards the education of his stepdaughter. $120,588.56 has been traced as

having been paid to the school from My Way Productions 2, which receives payments

from Chalmers & Co, Chalmers Misick and the PNP account.

1306. As to My Way Productions this was a company set up by TCM for the purposes of

LisaRaye developing business interests in the TCI. We will see during the trial that

The account was used as a means of laundering money by both Michael and TCM.

Ms McCoy never saw the bank statements, because My Way (according to her) did

not do much business.

1307.His known and identified income in 2006 totalled about $193,000. His expenses

claims were in excess of $136,000.

1308.MM acquired more land including land relating to Water Cay and he sold his joint

interest in an apartment in Florida for which he received $90,070.07, although it

appears that he purchased another US property for over $550,000.

1309.MM married Lisa-Raye McCoy on the 8 April 2006. They had a honeymoon in Israel

and Bali and thereafter enjoyed what might be described as a vacation of a lifetime.

MM chartered a private plane for them to go to St Bart’s and he chartered a yacht

taking his wife and 7 guests to St Martinique. They travelled to Africa, Egypt,

Zimbabwe and South Africa using a Gulfstream jet which had been leased as a TCIG

overhead.

1310.The wedding costs were in part a commercial gesture to MM from the hotel at which

he had insisted on having his wedding; apart from the event organiser from New

Jersey whose payments we have seen, MM paid just over $74,000 to accommodate

other guests at Club Med.

1311.Charges up to $11m were registered in relation to the construction of Belview Villa

and also in relation to the Alexandra development.

1312.During 2006 Michael Misick increased his corporate portfolio by becoming the 100%

shareholder in one company and a 50% or thereabouts shareholder in at least 2 other

companies. One of the companies that was formed was now My Way Productions 2

Limited in which MM had a 40% interest, that company was credited with $160,000

in 2006.

1313.Credits into his known bank accounts were over $2.4m although debits reached nearly

$3.4m. Accounts were also opened in California at HSBC in Beverly Hills and at J&T

Banka in Prague.

1314.Michael Misick paid $1.35m to reduce his credit card debts. With the credit cards he

had bought a car, paid for the use of a private jet, and bought jewellery. This spend,

alone, in the credit card was more than five times his income as Chief

Minister/Premier.

1315.MM spent over $760,000 on furnishings to Caretti Turner - the monies were paid to

Caretti Turner from his personal account and from the PNP account. When from the

latter, the instructions were signed by MM.

1316.MM was granted a loan facility by Arling Anstalt, a Lichtenstein registered entity, for

$1m. The loan facility was available to be drawn from and credited to an account J&T

Banka in Prague. There was no record of the loan ever being repaid.

1317.MM spent $250,000 on hiring Preston Bailey Entertainment and Set Design Inc from

New Jersey, US, to advise on design, production and installation (presentation) of his

wedding to Lisa Raye McCoy.

1318.Belinda Carter was a sales manager at Bay View Motors in 2006, says that she was a

staunch supporter of the PNP. She was not close to the leadership, but she did notice a

change in lifestyle by Michael Misick and his close circle of friends with them

enjoying the high life. In October 2006 Michael Misick arrived at the Car showroom

stating that he wished to buy a White van and that he would send his butler to view it

– the car was for sale for $31,000. However, a letter was received exempting the car

from stamp duty and so it was reduced to $23,100. The duty exemption letter was

from the Premier’s office and signed by Floyd Hall.

1319.In the Declaration of Interests dated 31 December 2006 (which refers to the re

election in February 2007, and so it may have been filled in after the event), MM

declared Directorships of Prestigious and Alexandra and the Grace Bay Plaza Limited

(as before) with the same property interests as he had on 31 December 2005, there

was no reference to the expenditure and assets accumulated during this year. He

stated that he had nothing to declare in relation to financial sponsorship and gifts. This

despite having received the “commercial” gesture of being able to use of a hotel for

his wedding, the Arling Anstalt loan, and other contributions and advantages.

1320.In 2007, the known income received by MM was $291,308.01 for his salary and

expenses in excess of $100,000, it is to be observed that this is more than the Prime

Minister of the United Kingdom earns now. He received other income but this was

netted off against expenses of the income.

1321.He acquired more land including over 18 acres of land in a company called MIG

Investments Limited in which he was a 50% shareholder. Also in July he acquired a

parcel of land on the Leeward Highway but acquiring the shares in a company called

Leeward Highway 2008 the day after the land had been transferred to the company.

He made other land acquisitions and continued to use land as a security for

borrowings.

1322.His corporate empire expanded although one company was struck off from the

Register. But over $425,000 was invested in a US company called Z&M Media and

$362,500 in a company called TCU LLC.

1323.His bank accounts continued to grow in turnover, receiving over $10m during the

course of that year, with a similar amount being debited.

1324. His loan indebtedness grew as well. Apart from now owing Coral Square Limited (a

company which had lent money for the build of his Villa) over $7m (a loan which

was not repaid until the forced sale of the property), MM now took out a loan from

J&T Banka in the sum of $6m apparently for the purpose of purchasing a house in

America; no house was purchased and the loan was granted and never repaid.

Additionally MM had a loan facility with BCB of $5m used in part to clear existing

debt but interest accrued to the loan in the sum of $358,588.98 by year end.

1325. As to his credit card expenditure in 2007 MM spent some $3 million on his various

cards. $187,000 was spent on jewellery at a local jewellers and over $1.4m on private

airplane charter.

1326.Two further payments were made to the Swiss school attended by MMs step daughter

totalling over $28,000.

1327.In the Register of Interests for 2007 MM declares that his wife is an actress working

for Warner Bros. He stated that he was a lawyer and that he had nothing to declare in

respect of financial sponsorship gifts etc. He does assert that his position is unchanged

from 2006. The Court will want to consider why was MM seeking to hide from public

scrutiny the monies he had received and the interests he had acquired during that year.

1328.In 2008 MM was still acquiring land and securing assets for loans. A new company

entered his corporate portfolio – U Hotels Holdings Limited (he held a 40% interest

some companies in which he had an interest were struck off the Register). There was

a reduction in credits to his bank accounts with just over $1m being credited.

1329.MM borrowed more money in 2008 including $200,000 to fund his American Express

Card. His indebtedness to the Lichtenstein Anstalt had increased to $2m. He also

borrowed $270,000 in January 2008 to pay off a debt to Royal Jewels, the money was

apparently lent by an Attorney Norman Saunders.

1330.The overseas bank accounts saw activity with the J&T Banka account being credited

with $1.2m and debited with $1.48m. An account was opened with HSBC in Buffalo

New York $111,000 was deposited and $110,000 withdrawn. He also opened an

account with HSBC in Beverly Hills called Misick Enterprises LLC through which he

moved $40,000.

1331.In the 2008 declaration of interests MM made no declaration that was received by the

Registrar.

1332.MM had a Government credit card which he used, it is suggested, as his own personal

source of expenditure. The Hallmark Credit Card in the name of the Premier’s office

had accumulated expenditure in excess of $50,000, the expenditure was not for

Governmental purposes. Mr Coalbrooke the Permanent Secretary refused to sanction

payment of the amount owing. However due to reputational damage and instruction

from the AG Chambers the balance did end up being cleared by the TCIG.

1333.Belview Villa built during the years of MM’s Premiership is a luxury property. It was

searched, by police in 2014. When searched the police found a number of designer

suits and shirts. Because of the monogram it was plain they belonged to MM. The

clothing was from a company called La Panache in Florida – the suit linings

embroidered ‘Michael Misick’ and all the shirt were initialled on sleeve ‘MEM’. His

middle name is Eugene. La Panache suits cost $1000 - $1400. MM owned 46 Panache

Suits.

1334.Credit Card expenditure again was reduced save in relation to the American Express

card where the expenditure was over $1m. During the time that MM held his

Centurion American Express Card the payments of the debts incurred came from

various sources included the PNP account, Miller Simons O’Sullivan, Arling Anstalt,

My Way Productions and several TCM accounts.

1335.Planes were chartered at a cost of about $250,000 and over $90,000 was spent on

clothes and over $125,000 on jewellery.

1336.Whilst MM was leading his nation and was responsible for the needs and

development of the citizens of the TCI – a small Country with no more than 7,000

electors and about 35,000 Belongers, he appears to have benefited in sums way

beyond the reach of probably each and every one of his supporters and fellow

citizens. Just looking at the accounts of which he was a signatory (therefore not taking

account of the money that sent directly on his behalf to others, including friends and

other third parties such as suppliers etc.) MM received just over $28m from the time

he became leader of the opposition (just $220,000, in that year) until he left public

life. The peak was between 2006 and 2008 when he received $19m, of $12.7m was

received in 2007.

1337.According to one civil servant, MM was never prepared to accept being told what he

could or could not spend TCIG funds on, he was somewhat autocratic in his

leadership style. His style of management was all, according to Mr. Coalbrooke,

“rush, rush, rush and demanding”.

1338.MM took advantage, we suggest, of a Governor who was caught between the desire to

assist and help develop integrity and good governance and the appreciation that

anything that was considered to be in anyway interfering with the will of the people

would be seen as intervention. It is suggested that we will learn during the trial how

MM milked that position to his personal advantage.

Floyd Hall

1339.Floyd Hall, Deputy Chief Minister (and later Deputy Premier). He served as Minister

for Finance and National Insurance. He was Treasurer of the PNP from 2002 to 2006

and he handed over the role of Treasurer to Mr Burton on 2010. We cannot find

anyone else being Treasurer, and it appears that he either was Treasurer or de facto

Treasurer during the period on the information.

1340.Submit that as part of our case against FH, he used his power and influence to

participate in a Government that governed not in the public interest but in the interests

of himself, friends and relatives and therefore to the detriment of ordinary people.

1341.In particular, he benefited directly by payments in relation to Water Cay, Seven Stars,

North West Point, Third Turtle and West Caicos.

1342.Bank accounts in his sole name and jointly held with his wife Lisa Hall ('LH')) have

been identified and their spending investigated.

1343.Mr Hall was elected to the Legislative Assembly in August 2003. He became Finance

Minister and Deputy Chief Minister. The overview of his finances begins in

December 2003 and ends in August 2009.

1344. In 2003 he appears to have owned a house and about 1.6 acres of land. He was a

Director and or shareholder with his wife in 6 companies:

a. Saadat Limited

b. Saakin Limited

c. GBL Holdings Limited

d. Business Consultancy Services Limited – Platinum Realty Limited

e. Paradigm Corporate Management Limited

f. High Octane Products Limited (Mangrove Springs Development Limited)

1345. He held 3 bank accounts (2 at Scotiabank (one opened in 2004 and the other in 2005)

and one at FCIB Bahamas (not opened until 2004).

1346. In 2003 Mr Hall’s income was modest he received about $40,000 from the TCIG

(including his claimed expenses) and just over $10,000 from the PNP.

1347. In his declaration of interests dated 31 December 2003 he declared that he held no

Directorships, worked for Gilley’s Enterprises Limited and that he had received ‘Only

– political campaign assistance funding below the level required for publication or

reporting purposes’. His wife was said to be a working for Saadat Limited.

1348. In 2004 he obtained an interest in land (through a company called Windsor

Investment Group). This was to become the Casablanca Casino and he also obtained

property in North Creek Grand Turk (to be declared as a house in 2005). His

corporate base also expanded, with a new company interest, Ashley Properties. His

income increased from TCIG to over $100k (he deposited $99,000) into the FCIB, he

also received $24,500 from the PNP account, and $12,500 from Saadat Limited.

1349. In his 2004 declaration for the Register of Interests Mr Hall declared that he was an

accountant performing private accounting services from time to time that his wife

employed by Saadat Limited in real estate and that he had not received any

sponsorship or gifts. He also declared that he had sold a dwelling house, that he was

in receipt of income from an apartment in Grace Bay Gardens and that he owned

property in North Creek Grand Turk, he was a shareholder of GBL Holdings (50%

owner of Mangrove Springs) and Paradigm Corporate Management.

1350. In 2005 his property interests remained stable, he had become involved in new

incorporated entities including on 1 December 2005 a company known as Whale

Watchers Limited which was in due course to benefit, we suggest, from unlawfully

acquired funds. Turnover through his bank accounts increased as did the monies he

received from the TCIG over $140,000 and the PNP (in the case of the PNP -

$47,500).

1351. In the 2005 Register of Interests Mr Hall stated that he had no Directorships, and that

apart from his role in Government, he continued to offer accountancy services to

clients. He had no financial sponsorship gifts etc, to declare. He had rental income

from GraceBay Gardens and now owned property in North Creek; he leased

residential property in Long Bay and Water Cay. He declared shareholdings in GBL

(as before) Mangrove Springs Limited, Gem and Pearl Jewellers, Platinum Realty and

Wale Watchers.

1352. In 2006 he obtained a significant increase in his property interests and further

property related companies. Deposits to his bank accounts increased over $400,000

and the use of credit cards increased to $100,000. His income from the TCIG

increased to over $150,000 and he received $20,000 from the PNP.

1353. In the Register of Interests for 2006, Mr Hall stated that he had no financial

sponsorship, gifts etc to declare and that apart from his role in Government he

continued to offer private accountancy services. He was still benefitting, he said, from

rental income and had obtained some more land at East Ridge Grand Turk. He now

had liabilities to FCIB, TCI Bank Ltd and Belize Bank. He had also become a 49%

shareholder in Remax Elite.

1354. In 2007 the Government was re-elected; of note in 2007 was the acquisition, with

others, of 192 Acres of land which becomes relevant to the West Caicos development.

The land purchase by a number of people was supported by a loan from BCB in the

sum of $19.4m, he also obtained some land on the Providenciales Golf Course. His

corporate portfolio increased with new companies in which his wife principally

became a shareholder His bank account turnover increased (to over $750,000); he

spent over $240,000 on credit cards, with his wife. His TCIG income was around

$200,000 and he and his wife benefited from payments from the PNP account to the

extent of $272,260.00, his other income was around $40,000.

1355. In the Register of Interests for 2007 Mr Hall’s declaration as to his occupation and the

receipt of sponsorship gifts, etc was as the previous year. Nothing had changed. In

relation to property he declared that he had accrued more property including private

land at the Providenciales Golf Club, Richmond Hill, a house with land on South

Caicos and private land in Leeward. He now declared that he owned 9 pieces of land.

His corporate interests remained the same. He was a shareholder in 6 entities. There

was no mention of the investment with others in the 192 acres relating to West

Caicos. He did refer to another bank to whom he declared he owed money.

1356. In 2008 he acquired more land which he later sold or transferred. Two plots in

different parts of Providenciales were transferred to Richard Padgett in September

2009. Credit card expenditure and bank account turnover totalled about $700,000; he

acquired about $70,000 worth of jewellery. His income from various sources which

have been identified totalled circa $360,000.

1357. In the 2008 register of interests Mr Hall disclosed his, by then, extensive property and

shareholding portfolio. The Commission of Inquiry had already been appointed. He

remained an Accountant offering private client accounting and corporate services; he

now declared that he had an interest in, or owned 8 pieces of land (one less than the

year before) and that he was now a shareholder in 7 companies (which themselves

held property interests apart from 3 of them (Paradigm Corporate Management, Gems

and Pearls Limited and Remax Elite).

1358. Between August 2003 & his resignation in 2009, Floyd Hall received a total of

$1,132,379.84 from the TCIG.

1359. His financial spending, we suggest, was completely inconsistent with this income.

Examples of FH’s financial activity in order to illustrate, it is suggested, the extent

and the scale of expenditure against his known income.

Lisa Hall

1360.It is convenient to deal with Lisa Hall now as she was during the relevant period

married to Floyd Hall. She was an employee of the developer of Seven Stars, Varet

Jak Civre and a Director of two of his companies.

1361.The Crown’s case is that LH assisted her husband to obtain the bribes and laundered

the corrupt payments opening bank accounts and buying property with transfers from

the John Doezer Account. Lisa Hall went to the US to open two bank accounts to take

in the money that was coming from Civre an overt act, it is suggested, in taking steps

to hide the proceeds of her husbands’ unlawful conduct.

McAllister Hanchell

1362.McAllister Hanchell – Appointed Minister for Communications Works and Utilities,

he went on to be the Minister of Natural Resources. The Crown’s case is that He used

his power and influence to participate in a Government that governed not in the public

interest but in his own interests, for the benefit of others known to him.

1363.In particular MH benefited from payments directly as a result of the monies paid for

the Salt Cay (Hoffman and the Centurion Card), Juniper Hole and West Caicos

developments.

1364.He used a legitimate business AL Services to receive monies that, as part of the case,

are funds from corrupt developers being laundered by Chal Misick or hidden

payments direct from the West Caicos development to his own South Caicos PNP

account and then to him via AL Services.

1365.Hanchell received $233,034.25 from the PNP during the 2004 – 2008 period.

1366.MH became Minister of Natural Resources on 6 February 2006, he had been elected

in August 2003. His financial profile has been evidenced from the time of his

election in August 2003 until mid-2010. We will concentrate on the period up to the

end of 2008.

1367.MH had a number of business interests when elected in 2003; he had a logistics

business (AL Services) and a shipping company (Caicos Shipping) and in February

2003 he had formed Caicos Oil Limited.

1368.In his 2003 declaration as recorded in the Register of Interests MH declared that he

was a Director and shareholder in AL Services Limited, a Director of Caicos Shipping

and Professional Accounting Services. He stated that he had nothing to declare in

relation to sponsorships, gifts etc. He had no property interests to declare.

1369.In 2004 he acquired an interest in some land that was to be used for the Casablanca

Casino (he held a 5% interest through Windsor Investment Group he was also a

Director of Hydronox a company that also held land – Floyd Hall also had an interest

in both of these companies. His FCIB account was credited with $192,000 and he

incurred $66,000 of credit card expenditure. His combined TCIG, AL Services and

PNP income was about $250,000 (including expenses).

1370.In the Register of Interests for 2004, MH declared that he had Directorships with AL

Services and Caicos Oil, he had no financial sponsorship gifts, etc, to declare, and he

had no shareholdings or liabilities to declare.

1371.In 2005 his bank account turnover grew to $712,000. He incurred credit card

expenditure of over $110,000 and having acquired a $40,000 in 2004 he spent

$50,000 on jewellery in 2005. Significantly he too began to build a home and spent

$132,000 on construction in this year.

1372.He received $170,000 including expenses and appears to have received $263,000

from AL Services as well as $5,000 from the PNP.

1373.In the Register of Interests for 2005, MH declared a new company Directorship

“Akita Ltd”, his occupation listed as a broker and that he had no financial

sponsorship, gifts etc to declare; he did declare property in East Cays, Silly Creek and

South Dock area, Directorships at Caicos Oil and AL Services, liabilities to FCIB and

Temple Mortgage “another bank”.

1374.In 2006 (he became Minister of Natural Resources in February 2006) he acquired land

on both Providenciales and Grand Turk, he increased his corporate portfolio by the

acquisition of companies that appear to have held property, Akita Holdings acquired a

CPL in relation to land on South Caicos.

1375.The credits to his FCIB account increased to $935,000 and he incurred credit card

expenditure of $413,000. He bought a new BMW car ($58,500) and spent over

$90,000 on jewellery. The construction costs at Silly Creek (his house) reached just

short of $790,000. His known and explained income from TCIG (including expenses),

AL Services and the PNP was over $750,000.

1376.In the Register of Interests for 2006, MH made no declaration.

1377.In 2007 MH was re-elected at the February Election. He purchased a town house that

was being constructed at the Golf Course, Providenciales, paying $69,000. A number

of new companies were formed relating, by title reference, to land, fuels and mart.

The FCIB account benefited from $2.9m in credits (over $1.2m was spent on credit

cards) and in excess of $325,000 was spent on jewellery. MH spent $1m on

construction costs of his new home in Silly Creek and $1m appears to have been spent

on his wedding to Desrene Delancy. His income including expenses from TCIG was

over $200,000, from AL Services about $575,000 (with AL taking loans of just under

$300,000). The PNP made payments to him in excess of $113,000.

1378.In the 2007 Register of Interests MH declared that he was a Director of Caicos Oil,

AL Services, Akita Ltd and Silly Creek House. He stated that the first three named

companies employed him and notified the name of his wife without stating any

occupation. He asserted that he had nothing to declare in relation to financial

sponsorship, gifts etc. He declared shareholdings in Caicos Oil, AL Services and

Akita Limited as well as land at East Cays, Silly Creek (his home), in South Dock the

business premises of AL Services and Caicos Oil and apartments at Long Bay. He had

liabilities to FCIB and Bank of Nova Scotia.

1379.In 2008 MH acquired more property an apartment and garage at the newly built

Regency Grand valued at $800,000, he took a loan from FCIB for $618,000 to

support the purchase. His FCIB account turnover was over $1.4m and he spent over

$850,000 on his credit cards, buying over $90,000 in jewellery; he appears also to

have invested in a boat (costing about $70,000). The construction of his house

incurred a further $420,000 in construction costs. His income from TCIG, AL

Services and the PNP totalled in excess of $1.05m.

1380.In the 2008 Register of Interests MH made no declaration to the Registrar.

1381.MH had a relationship with a lady from Miami, a friend named Roxanne Tazara

Chung. MH sent her $107,000 by wire transfer from various accounts, including by

instruction to Chalmers Misick ($70,000) and from his business AL Services.

1382.In order to see the peaks and troughs of MH’s financial fortunes a graph has been

prepared to show the credits and debits to and from his personal account at FCIB from

2004 to 2009. Although we recognise that he saw an increase in income as a result of

his drawings from AL Services the similarity with the peaks and troughs of MM and

Mr Floyd Hall’s income is to be noted. Some of the AL Services income has been

traced to what the Crown will suggest were corrupt payments, the account being used

to disguise those payments. Whether the success of AL Services whilst MH held high

political office was legitimate will be a matter which the court will wish to examine.

Lillian Boyce

1383.Minster for Education, Youth, Sports and Culture, and later Minister for Health,

Social Services and Gender Affairs.

1384.She was at the heart of the North West Point transaction that led to her gaining

without any legitimacy a significant sum. She eventually led a vote of no confidence

against MM February 2009. She was a beneficiary of the North West Point

transaction receiving in excess of $1,000,000.00.

1385.Her role in Cabinet meant that she was present and took part in decisions in relation to

developments.

1386.She was interviewed in May and November 2011 and in summary after caution stated

that as a Minister there was an obligation to tell the truth and not mislead Cabinet,

further there was a Ministerial duty not to cause loss or injury to the TCI economy

and revenue. She was asked to explain her role in Cabinet she stated business was

pre-determined between the Governor, relevant Minister and the AG, she stated that

Cabinet was not the place to raise objections or concerns on matters she disagreed

with, and in essence she stated Cabinet was a ceremonial process.

1387.She stated that she did introduce the NWP land deal to ER and that she did complete

the applications for CPLs for SB and ER as she was in Grand Turk, and they were

not. She claimed she had no further dealings with the project and left it to ER and

another, and at no time did she use her Ministerial role to secure Crown land for ER.

She denied signing any other documents other than the CPL application. She did go

on to say that she did not discuss the deal in any depth at all with ER not even after it

was mentioned in Cabinet. She stated that she now wished that she had paid more

attention. She stated that she could not explain why she did not declare an interest and

leave the room when the matter was raised in Cabinet but did go on to say that she

understood the rules as applying only to a spouse and child.

1388.In respect of the $1,000,000 cheque which she received LB stated that she was

holding the money on behalf of ER and that as he had no immediate plans for it she

asked ER if she could borrow $600,000 to secure a loan to set up a car hire business.

LB claimed the remainder was set aside for ER’s use but following a fire at their

mother’s house ER used in the region of $300,000 to renovate the house although she

was unable to precisely quantify this. She was asked what she did with the monies

that she drew down from the deposit, each expenditure was put to her, she claimed

that whatever any benefit was that she had gained it was always her intention to pay

ER back the full amount.

1389.In respect of the monies paid to MM, LB claimed that MM contacted her and asked to

loan funds from the monies ER had received. She claimed MM contacted her several

times and she finally contacted ER who agreed to lend MM $100,000. LB claimed it

was a legitimate loan that he needed and was shocked to find in the CoI that he had

other monies and was not living off his salary like herself and other Ministers. This is

obviously only evidence against LB. In a pre-prepared statement LB stated that “in

response to my arrest I wish to clearly and categorically confirm for the purpose of

this interview that I never knowingly acted illegally”, she goes on to continue to deny

any wrong doing and maintains her innocence.

1390.A financial profile has been prepared.

1391.In 2003 at the time that the PNP won the election Mrs Boyce (who was still at that

time Lillian Been) held interests in 3 parcels of land, including the land on which the

Airport Inn Hotel stood. She held Directorships in the National Car Rental company

and the Hotel. She had bank accounts (business and personal at FCIB). She was

indebted to the bank. Her income from TCIG in 2003 amounted (with expenses to

$72,500). She received no funding from the PNP.

1392.In her Register of Interests 2003 she declared directorships of National Car Rental and

the Airport Hotel, she declared no financial sponsorships gifts, etc. She declared an

interest in the land on which the Airport Plaza where the hotel stood and stated that

she was indebted to Barclays Bank.

1393.In 2004 Lillian Boyce applied for and was granted a CPL in Chalk Sound

Providenciales, a CPL for a parcel of 8 acres in North Caicos for a commercial

development and 2 further commercial CPL’s in respect of parcels in Providenciales

(at Grace Bay and The Bight). Two companies were incorporated in respect of which

she had an interest one called KSK Limited (which became a holding company for

the rental and hotel businesses) and Island Publishing. She had a personal saving

account with a turnover of $160,000.

1394.Between 2003 & 2009 Lillian Boyce received $1.3 million in round sums from the

TCIG.

Jeffrey Hall

1395.Jeffrey Hall was elected in August 2003 at first he was responsible for finance,

national insurance, housing, immigration and labour. We suggest he used his

authority to govern for a government not in the public interest but his friends, family

and colleagues. When he was re-elected in February 2007 he was appointed Minister

for housing, agriculture, works, telecommunications and water and sewage. He

resigned on the 14 August 2009.

1396.He used his power and influence to participate in a Government that governed not in

the public interest but in the interest of himself, of friends and relatives and therefore

to the detriment of ordinary people.

1397.When he was asked for interview he declined to answer any questions.

1398.In 2003 when he was elected he was a landowner. Some of the land he owned was

declared on his first declaration of interests for the register however four parcels of

land were not so declared. No income outside his income as a politician was found

and he did not appear to have any business interests. He had bank accounts at FCIB

and Scotiabank. He had a Ministerial credit card with Hallmark Trust. His 2003

income including expenses was just $42,000. He received $1,000 from the PNP.

1399.In the 2003 Register of Interests he declared no other businesses for himself or his

wife and declared no receipt of any sponsorships or gifts. He simply declared that he

owned 2 parcels of land (one at Chalk Sound and the other at Long Bay).

1400.In 2004 he had acquired almost ½ acre of land at The Bight (August 2004). A charge

was placed on the property for $200,000 in the name of Temple Mortgage Fund

Limited. A bank account in the joint name of Mr J Hall and Charles Hall was credited

with over $150,000 and just short of $131,000 was debited from the account. An

account was opened at Belize Bank and there was one untraced credit of $39,960; a

sum which would suggest that it was $40,000 minus a $40 charge. The Hallmark

Ministerial credit card incurred expenditure of $34,750. His expenses and income

from TCIG totalled $121,000. He received $5,000 from the PNP.

1401.In the 2004 Register of Interests Jeffrey Hall declared that his only employment was

as a Minister and member of the legislative council and that he had received no

sponsorship, gifts etc. He declared the same property interests as the year before and

referred to the same banking institutions to whom he owed money. There was no

mention of the charge in the name of Temple Mortgage Fund Limited.

1402.In 2005 the joint account with Charles Hall received credits of $434,000. He opened a

credit card account with Scotiabank and FCIB and he incurred expenditure of

$41,000. His income including expenses from TCIG was $150,000. He also received

$100,000 from McLeans Solicitors, (which the Crown suggest was in connection with

North West Point) and the PNP transferred $15,000 to him.

1403.In the Register of Interests for 2005 Jeffrey Hall declared a Directorship and

shareholding of Urban Development Limited, Alliance Realty, no interest in land, but

he declared liabilities with Bank of Nova Scotia, FCIB and Temple Mortgages.

1404.In 2006 Jeffrey Hall’s property interests remained the same. His wife’s bank accounts

saw an increase in turnover to about $150,000, in addition she opened a savings

account with credit of $50,000. The joint account with Charles had credits over

$620,000. The Alliance realty account (in which he had declared an interest the year

before) received $3.45m. He received just under $135,000 from the TCIG (including

expenses) and payments from the PNP of $26,000.

1405.In the Register of Interests for 2006 Jeffrey Hall declared that he was a Director of

Urban Developments Limited had nothing to declare in relation to the sponsorship,

gifts etc. Apart from stating the shareholding in Urban Developments Limited, he

restated that he had liabilities with the financial institutions that he had noted the year

before.

1406.In 2007 the year of the re-election of the PNP, Jeffrey Hall paid off a mortgage

($200,000) and started development of land as a conference centre. He was a

shareholder with Melbourne Wilson in Alliance Realty Limited holding a 40%

interest. The bank accounts of his wife turned over $175,00 and the account with

Charles Hall $462,000, the Alliance Realty account was credited with $440,000.

Credit card expenditure was just short of $100,000. He received, including expenses

$190,000 from TCIG, and the PNP transferred $65,000 to him.

1407.In the Register of Interests for 2007, Jeffrey Hall made no declarations of

Directorships nor that he had received any financial sponsorship gifts, etc, he simply

declared 2 parcels of land and the same liabilities to the same financial institutions.

1408.In 2008 Jeffrey Hall sought and obtained a commercial lease on land in The Bight. He

also now was recorded as a shareholder of Alliance Realty to the extent of 40%. The

bank accounts of his wife received just over $150,000 and the account with Charles

was credited with just over $390,000. Alliance Realty was credited with just short of

$128,000. The Mrs Hall savings account was credited with $53,000 and the same

amount was withdrawn. Credit card expenditure was recorded as just over $105,000.

Jeffrey Hall received over $210,000 from TCIG including expenses and the PNP paid

him $20,000.

1409.In the Register of Interests for 2008, Jeffrey Hall declared no Directorships, no

financial sponsorship, gifts etc. and had no trade or profession apart from his role as a

member of the House of Assembly. He declared 4 properties all on Providenciales

and shareholding in Alliance Realty. Four financial institution liabilities were

identified.

1410.By the end of 2009 the financial profile of Jeffrey Hall reveals that he had obtained an

option to purchase land, he resigned from Alliance Realty on the 18th February and

his bank accounts (and those of his wife) saw a significant reduction in credits. His

income from the TCIG reduced (it was $69,000) the PNP made no payments to him.

1411.A schedule has been prepared setting out the income received from TCIG (noting that

he declared no other income) with the monies passing through the joint account with

Charles Hall. The inferences to be drawn are plain. By reference to the excess of

credits over income and the timing of the peaks it is clear that Mr Hall principally

benefited from a payment related to NWP but that he also was allowed a share (not as

great as others), in the spoils of power.

Thomas Chalmers (“Chal”) Misick

1412.Chal Misick an Attorney is a brother of Michael Misick.

1413.The Crown’s case is that He assisted in particular in laundering the benefits of the

corrupt and dishonest activates on behalf of his brother and others, in particular MH.

He played a leading role in the arrangements relating to the receipt of bribes by MM

and the transaction relating to a prospective development at Water Cay, Juniper Hole,

Beaches, Salt Cay (involving the Centurion American Express card).

1414.When he was asked for interview in November 2011 he declined to answered any

questions on the basis that the SIPT had already made their minds up to charge him.

1415.Scotiabank (one of Mr T.C Misick’s bankers) required him to submit a statement of

affairs from time to time. We have those for October 2003, January 2006, June 2007,

August 2008 and December 2009. These are as presented by Mr T.C Misick, so

unless he asserts to the contrary and given that they are required by the bank for their

banking purposes the inference must be that they are good staging points of his

declared financial well being.

1416.Chal Misick was admitted to the Bar of the TCI in November 2003. He established

the law firm Chalmers & Co in April 2005.

1417.Given that he was new to the legal profession and that he only formed his practice in

April 2005 the monies that we will see passing through the account of this new young

lawyer are, to say the least, quite staggering.

1418.He was employed by Misick and Stanbrook Attorneys at Law in 2003/4. His salary

was $36,000 and he had rental income of over $115,000. He was servicing debt to the

tune of $70,000. His net asset position (based on his stated property holdings and his

car) was about $580,000. He had an interest in TCM Associates (for over 10 years)

and also Windsor Apartments.

1419.In 2004 he became a Director, Secretary and shareholder of Windsor Investment

Group Limited and Hydronox Limited plus continuing to hold a bank account in the

name of T Chal Misick Associates. The total credits in 2004 were $208,401.70; he

spent more than he received.

1420.In 2005 he benefited from the CLP by receiving a half acre plot of beach front

property. He also stated to the bank on 17th January 2006 that he then owned a

property in Queen Angel Condominiums and St Charles Condominiums but they were

transferred by the developer until September 2006 and July 2007 respectively. He also

became a Director of a number of companies; including Chalmers Management

Limited, Windsor East Limited, Windsor West Limited, HYD Limited and Solana

Land Holdings Limited. Whilst there was no registered legal entity, Chalmers & Co

operated accounts (client and office) from June 2005. All his accounts (including the

client account) were credited with $3,717,043 during 2005, he withdrew $3.5m,

1421.In 2006 Chal Misick obtained land on North Caicos, benefitting from a Crown Land

Lease. He become interested in further companies, including Sunset Beach Ventures,

Business Ventures Limited and The Point at West Caicos Limited. His personal and

office account turnover was over $300,000 and his client account received $12.5 m.

1422.In 2007 he became connected with further companies associated with Michael Misick

and his wife Lisa Raye McCoy as well as a company connected with the Salt Cay

development. His personal and office account turnover was about $450,000 and his

client account received $18.1m; a new account at BCB received $5.9m but was

debited with $9.9m. Other accounts, which he was managing, received and paid out

funds (including White Sands Design and Management Construction Limited -

$1.7m). West View Development was credited with $24.9m (by way of loan from

BCB) of which $20.886m was debited. These funds are connected with the West

Caicos development. The turnover of his various accounts was in excess of $77m.

The movement of funds in 2007 was over $100m; when taking account of money

transfers, deposits and inter account movements.

1423.Indeed, Lisa Raye McCoy regarded Chal Misick as Michael Misick’s accountant, who

dealt with all the monies, the bills and everything for the house, the wire transfers, the

finance, everything. She never saw Michael Misick pay any bills. There was an

occasion, which Ms McCoy does not date when she asked Michael Misick for $1m;

she wanted a separate account. Sometime later she went to Chal Misick’s office and

there MM wrote a cheque and gave it to Chal Misick to pay in. She never had any

money problems with MM. The $1m was paid into an account in the name of MyWay

Productions 2. This $1m was part of the proceeds of the $6m loan from J&T Banka.

1424.In 2008 his personal and business account turnover was over $1.5m and his total

account turnover was over $21m. There were a great deal of money movements and

inter account transfers in 2008 as the gross turnover reached over $190m.

1425.On the 7th February 2008 he became a signatory on the My Way Productions account

(unknown to Lisa Raye McCoy). The account, as we have begun to illustrate during

this opening, was used to receive money for work undertaken by Lisa Raye but was

also used by the Misick Brothers to hide and launder the proceeds of criminal activity.

Credits before and after Chal Misick became a signatory are not recognised by Ms

McCoy who did not see the bank statements because there was not much business.

1426.In 2009 his total account turnover was $3.7m, however funds movement between

various accounts were over $130m.

1427.In 2010, 10 companies were struck from the register. The turnover on all his accounts

was under $575,000.

1428.Whilst the peaks of money moving through Mr Misick’s accounts is some indication

we submit of the knowledge that he must have been accumulating as to what was

happening and what he was allowing himself to be drawn into; it is the payment and

distribution of the funds, and his activities in relation to companies that give the

irresistible inference that he aware and party to the agreements to which he has been

indicted, and that he was in fact the private banker of his brother and also from time

to time for MH. By way of example in between November 2007 and August 2008 he

sent regular transfers of money to Mildred Rivas a former partner of Michael Misick,

totalling about $110,000. He also sent to Roxanne Chung, a friend of McAllister

Hanchell’s $50,000 between October 2007 and May 2008. During this time funds

were being deposited into his account from various sources. In May and August 2008

he sent 2 payments of $100,000 to American Express (in relation to the Centurion

Card of Michael Misick).

Clayton Greene

1429.Clayton Greene an Attorney, member of the PNP, speaker of the House of Assembly,

and an elected member and an advisor in relation to some land purchases.

1430.The Crown’s case against CG is that He used his position as an attorney to launder the

proceeds of crime. In particular, the Court will be concerned with his roles in relation

to Water Cay with Chal Misick, Juniper Hole again with Chal Misick and his conduct

in relation to the rather curiously named client account John Doezer which he set up

for the benefit of Floyd Hall. In interview he explained that the reason he did this was

to prevent his junior associate from discovering that he was dealing with a politician’s

business.

1431.When he was interviewed he explained that he was a criminal Attorney with an

increasing knowledge of corporate matters. He explained that Floyd Hall was a first

cousin. He had not really applied his mind money laundering issues as a criminal

lawyer. He was asked about $1m which he had received and why he had put this into

the TCI Bank and not with the Attorney’s usual bankers ScotiaBank. He said that

TCI Bank “were aggressively seeking customers”. He had asked Earl (who he had

always known as Earl but who is in fact Quentin Hall (a student in Rhode Island) the

recipient of $1m from the NWP transaction) whether he minded, and had become

aware that there was no objection. He therefore put the money in that account, which

had already been opened.

Melbourne Wilson

1432.Melbourne Wilson is an Attorney. The Crown’s case is that he dishonestly dealt with

a number of aspects of the North West Point land deal which caused financial

detriment to the TCIG, its electors and residents. As a result of his dealings he was

able to gain a significant amount of money.

1433.When he was interviewed in October/November 2011 he stated that he was the

attorney that had represented JH, QH, SB and ER in the NWP land deal, he stated that

he had also worked for Wex.

1434.He said that he was a personal friend of JH.

1435.He had been first approached by Timothy Smith, a Realtor who had a client who

wished to develop land in Blue Hills, Providenciales. He said that he enquired with

the Land Survey Office to secure the names of landowners in the area. He stated that

he was provided with a list, which he showed to Smith, Smith selected the names after

visiting NWP and viewing the land. He said that he then contacted the Belonger

group.

1436.He denied visiting the site himself with Mr Green.

1437.Despite acting for the Belonger group he stated that he did not know whether each

held a CPL or freehold. He stated that he did not retain any documents in respect of

this transaction.

1438.He said that the Belonger group were told by Wex and Smith that they would retain

an interest in the development although he did not know what role they were to

perform.

1439.He also said throughout that he put together some client documentation but he had left

this at the offices of Bishop, Papachristou, Prudhoe and Wilson when he left the

partnership. He said that he had not made any enquiries or had any involvement in the

financing of the project.

1440.He had no recollection of how the $200,000 deposit Wex had sent to him was used,

and stated he could not remember JH receiving any payments from those funds.

ARMQC: That is our opening during which we have sought to set out the case against

each defendant. We will turn to the evidence upon the return.