The whirlwind investigations into Target Data Pro's activities is settling and in its wake charges are being filed against a number of persons.
Today another to be taken in to Magistrate's court to face charges is 77 year old businessman Gerald "Jerry" McDermott. He along with his Attorney Dean Barrow appeared before Magistrate Earl Jones where he was read five counts of money laundering. No plea was taken as the charges are indictable.
Allegations are that on January of 2003 McDermott was involved in a transaction in which some US$105,000 believed to be proceeds of crime was transferred from an account of Target Data Processing limited at Provident Bank and Trust of Belize Limited to an account of Generic Limited at the same bank. Other charges are grounded on allegations that other monies amounting to some US$180,000 were in the possession of McDermott, these are believed to be proceeds of crime. The final charge alleges that he was involved in a transaction that was the proceeds of crime.
4 other persons were jointly charged with McDermott, they are Michelle Young and Target Data Pro's accountant Guillermo Pech; in absencia is David Brady Jr. and Jared Wheat. Today McDermott walked out of court on $50,000 bail. The case was adjourned until September 13th.