74 F
Belize City
Thursday, October 21, 2021
Home General Reynaldo Verde takes plea bargain

Reynaldo Verde takes plea bargain

USA, Wed. Sept. 15, 2021– Earlier this week, news broke that former Deputy Director of the Belize Tax Services, Reynaldo Verde, had accepted a plea deal in connection with the extortion charges levied against him by the United States’ Federal Bureau of Investigation (FBI).

In 2019, Verde was arrested after disembarking a flight from Brussels, Belgium, on his way back to Belize and has since been in the custody of the American authorities.

He recently pleaded guilty on the second count of the accusation against him: attempted interference with commerce by extortion. This charge is in relation to Verde’s attempted extortion of $1 million from Chris Williams, an American developer connected to Orchid Bay Development in northern Belize.

Williams was persuaded to meet with Verde after being informed of the company’s accrued tax obligations, which, according to Williams, was estimated to be almost $700,000. Williams recorded the conversation, during which Verde attempted to suggest that Williams owed 1 million dollars in back taxes.

The developer went to the FBI after the meeting, who launched an investigation into Verde’s dealings and subsequently arrested him at an airport on September 7, 2019.

He may now face a maximum of 20 years imprisonment, despite taking a plea bargain from the Justice Department. The Federal Sentencing Guidelines and Policy does not expressly require a court to follow its sentencing guideline in cases where plea bargains are made.

If the cards line up in his favor, he may be released within the next year or two if he cooperates in the investigation.

The case is being heard in the US District Court of Southern Florida.

- Advertisment -

Most Popular

Colin Powell: Former US secretary of state dies of Covid complications

The former top military officer died on Monday morning, his family said. He was fully vaccinated. Powell became the first African-American secretary of state in...

Belmopan Bandits issues press release

BELMOPAN, Sun. Oct. 17, 2021-- The Belmopan Bandits Sports Football Club would like to clarify its position with respect to its non-participation in the...

Football strife; Bandits not happy with FFB

BELIZE CITY, Mon. Oct. 18, 2021-- Once again, it appears there is strife in the football family in Belize. (See Bandits press release elsewhere...

Special Sitting of the House of Representatives

BELMOPAN, Fri. Oct. 15, 2021-- A communique issued on the Government of Belize Press Office website notifies the public that there will be a...