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1. Royal Gazette
www.theroyalgazette.com/apps/pbcs.dll/article?AID=
-
[Cached]
Published on: 3/4/2006 Last Visited: 3/4/2006
Jurors hearing the case of a $1.3 million fraud allegedly perpetrated by
former Bermuda Housing Corporation property
manager Terrence Smith, yesterday heard
claims that policies and procedures at BHC
were not followed. They were told by a former senior manager at
BHC that concerns raised over invoices
rubber-stamped by Smith were apparently
disregarded by the general manager, Raymonde Dill.
...
Smith initially employed him to make cedar
doors for his home in Tee Street, Devonshire,
paying him a cash deposit of between $5,000 and $10,000. Next,
he claimed, Smith
told him that he was a general manager at
BHC, and invited him to do all of the
carpentry work for the Corporation. However, he
claimed that having accepted this, Smith told
him to re-write three invoices that he
submitted for work in St. George's, meaning he
received an overpayment of more than $11,000 from
BHC which he kept for
Smith.
...
Earlier in the day, the court heard from Tudor Smith, who joined
BHC as property manager in early 1994 and
left in May, 2000, around three months before
Terrence Smith's alleged fraud commenced. He
explained that Smith was one of three
property officers whose work he oversaw. The
BHC policy at that time, he said, was for all
renovation work to be put out to tender after discussions between the
property officer and property manager. Four to six qualified contractors
were invited to bid, he said, and the
property officer was responsible for checking the work was carried out as it
should be by the selected contractor before approving the invoice submitted
for payment. He said
he relied on the integrity of the property officers working under him
to do this, and believed Terrence Smith
followed the procedures. However, he added
that he would question the officers and carry
out his own occasional checks on the
contractors' work. Tudor Smith said he left
the BHC before what defence counsel Larry
Scott termed the Corporation's "public difficulties" arose. Asked
his impressions of
Terrence Smith were, he replied: "He
was very amenable, generous, kind and of the nicest disposition." But
he added: "As a person at work I would say
he's interested and capable, but that
he's always in a rush and has a relatively
short attention span.
...
Following an internal investigation, Smith,
Mr. Dill and finance manager Robert Clifford were suspended.
...
Smith accused of ‘monstrous fraud' 03/03/2006
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2. Royal Gazette
www.theroyalgazette.com/apps/pbcs.dll/article?AID=
-
[Cached]
Published on: 9/22/2006 Last Visited: 9/23/2006
Photo by David Skinner Emptied: Movers take furniture from
Terrence Smith's house as it was repossessed
by Capital G.
...
Bailiffs have seized convicted fraudster Terrence
Smith's luxury home in Tee Street. A team of removal men and a
locksmith descended on the Devonshire property around 10 a.m yesterday at
the behest of Capital G bank, which mortgaged
the home and moved to repossess it yesterday. During Smith's trial for
his $1.2 million fraud, the jury heard
he renovated the house using public cash
he had siphoned from the
Bermuda Housing Corporation, where
he worked as a property officer. Jurors also
heard how Smith made false claims to be an
architect at the Corporation and gave inflated salary figures when applying
with wife Veronica for Capital G loans totalling $840,000 for Tee Street.
...
Terrence Smith was jailed for eight years in
May, and Chief Justice Richard Ground subsequently made an order giving
Capital G possession of the house in order to recover the mortgage money.
He set the sum of $2.5 million as the reserve
sale price for the property which boasts three bedrooms plus a separate
apartment, a swimming pool and a home movie theatre.
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3. Royal Gazette
www.theroyalgazette.com/apps/pbcs.dll/article?AID=
-
[Cached]
Published on: 3/22/2006 Last Visited: 3/22/2006
Jurors hearing the case of Terrence Smith,
the former Bermuda Housing Corporation worker
accused of a $1.3 million fraud, will look around
his luxury home later this week. Chief Justice Richard Ground
announced the move yesterday after a request from the jury who want to see
the mansion in Tee Street, Devonshire, upon which
Smith is alleged to have lavished much of the cash.
He explained that although the defendant had
the right to veto the tour, he had consented.
Former BHC Property Officer Smith is accused
of directing $1.3 million of BHC funds to carpenter Steven Barbosa by
rubber-stamping overpayments for his work between September 2000 and
February 2002.
...
Mr. Barbosa is said to have passed $924,668 in profits from this scam back
to Smith in the form of cash and luxury goods
for his home.
...
Giving evidence yesterday, Guy Desilva said that his company Island Wide
Construction had been engaged by Smith to
work on his 40ft x 20ft swimming pool in February 2001.
...
The value of the contract signed was $54,212.50 and other work commissioned
by Smith ran up an extra $50,000 to $60,000
bill, said Mr. Desilva.
...
John Bento, general manager of Star Motors, said that
Smith bought a $50,000 BMW station wagon in
British racing green in June 1999. |
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