Bermudian jailed for money-laundering scheme

A 38-year-old Bermudian man who was recently found guilty of the biggest money-laundering enterprise ever prosecuted on the British Overseas Territory has been jailed for five years.



Supreme Court heard that Roger Cox used a network of 33 people to help him launder US$2.2 million, which he obtained from running illegal gambling dens.



Officials said the crime spanned a five-year period from 2004 onwards.



They said more than $700,000 was recovered during a search of his house.



Cox signed an order in March allowing the courts to confiscate US$1.5 million in assets including the cash found in his home and bank box, jewellery and the contents of his bank accounts.



None of the other people who were said to have assisted Cox in his money-laundering scheme have been brought before the courts.