‘Weapons of war’ found in apartment of businessman, doctor & phone technician
Charges
Mr Korrey Stoutt, 30, of Fort Hill, Mr Jordy Vargas, 29, and Yamill Medina-Acosta, 33, who share an apartment at Hannah’s Estate, Tortola, have been jointly charged with Possession of a Controlled Drug with Intent to Supply, Unlawful Possession of a Firearm, Possession of Controlled Drug and Possession of a Prohibited Firearm.
They all pleaded not guilty to the offences reportedly committed on May 23, 2020.
Additionally, Mr Stoutt pleaded guilty to Breach of Curfew, not guilty to Possession of Proceeds of Criminal Conduct, namely $2,768, and not guilty to Illegal Entry.
The Crown is contending that Mr Stoutt landed in the Territory sometime between May 7 and May 14, 2020, without the leave of an immigration officer.
He had allegedly travelled to the Dominican Republic as well as Puerto Rico before returning to the Virgin Islands, according to the Crown.
Mr Stoutt is a Belonger and US Citizen who imports motor scooters and vehicles and also has a car rental business. He reportedly owns a house on Fort Hill.
Mr Vargas is a cellphone technician who has been in the Virgin Islands for the past 4 years and hails from the Dominican Republic.
Ms Medina-Acosta, a certified Doctor working as a Doctor’s Assistant in the Virgin Islands, is also from the Dominican Republic but has been in the Virgin Islands for the past 5 months.
She is the girlfriend of Mr Vargas.
‘Weapons of war’
The weapons allegedly found by police in the apartment shared by the trio were a NATO 5.56 Rifle and a AR 15 Rifle, which Senior Magistrate Tamia N. Richards described as ‘weapons of war’.
Hundreds of rounds of ammunition for three different weapons were also found, according to the Crown; however, no charges over the ammo find were presented to the court.
According to Prosecutor Mr Kael London, cocaine seized by police has a street value of more than $1M.
A bail application for the trio was denied and the matter will continue on June 18, 2020.
Mr Stoutt is being represented by Mr Stephen R. Daniels while Mr Vargas and Ms Medina-Acosta are being represented by attorney Ms Reynela Rawlins.
More details to follow.
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61 Responses to “‘Weapons of war’ found in apartment of businessman, doctor & phone technician”
Oh damn Them A*abs about to kill us
15,264 - Total tested positive
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8 - Recent Deaths
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The goal of a large number of criminal acts is to generate a profit for the individual or group that carries out the act. Money laundering is the processing of these criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardising their source.
Illegal arms sales, smuggling, and the activities of organised crime, including for example drug trafficking and prostitution rings, can generate huge amounts of proceeds. Embezzlement, insider trading, bribery and computer fraud schemes can also produce large profits and create the incentive to “legitimise” the ill-gotten gains through money laundering.
When a criminal activity generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.
How is money laundered?
In the initial - or placement - stage of money laundering, the launderer introduces his illegal profits into the financial system. This might be done by breaking up large amounts of cash into less conspicuous smaller sums that are then deposited directly into a bank account, or by purchasing a series of monetary instruments (cheques, money orders, etc.) that are then collected and deposited into accounts at another location.
After the funds have entered the financial system, the second – or layering – stage takes place. In this phase, the launderer engages in a series of conversions or movements of the funds to distance them from their source. The funds might be channelled through the purchase and sales of investment instruments, or the launderer might simply wire the funds through a series of accounts at various banks across the globe. This use of widely scattered accounts for laundering is especially prevalent in those jurisdictions that do not co-operate in anti-money laundering investigations. In some instances, the launderer might disguise the transfers as payments for goods or services, thus giving them a legitimate appearance.
Having successfully processed his criminal profits through the first two phases the launderer then moves them to the third stage – integration – in which the funds re-enter the legitimate economy. The launderer might choose to invest the funds into real estate, luxury assets, or business ventures.
Matthew 13:25 but while men slept, his enemy came and sowed tares among the wheat and went his way.
That law is in most Caribbean Countries and it works.