The legal vise continues to tighten around the corporate neck of Target Data Pro.
7NEWS has learned that Belize's Financial Intelligence Unit has frozen two of Target Data Pro's accounts and a related account all in Belizean banks. We are reliably informed that the total amount frozen is over $2 million. That freeze will be argued next week in the Supreme Court when Target will be represented by Hon. Dean Barrow. And while that matter is in the upper courts, in the lower courts, money launder charges were brought against Target's Belizean accountant and its manager. 26 year old Guillermo Pech and 36 year old Michelle Young were charged with 5 counts of money laundering for transfers totaling US $350,000.
But that's only the beginning, police have dozens more charges prepared for Targets American principals Jared Wheat, and Peter Rouss along with well known local mover, Gerald Macdermott. Those charges amounting to hundreds of thousands of dollars in money laundering accusations are expected to go through next week.