A 61-year-old businesswoman from Manchester was recently convicted on money laundering charges in the Corporate Area Parish Court in Half Way Tree.
Eva Mae Sterling pleaded guilty to 2 counts of ‘Engaging in a Transaction Involving Criminal Property’ contrary to section 92 of the Proceeds of Crime Act.
She was fined 300-thousand dollars or 9 months imprisonment on one count, and 12 months imprisonment on the second count.
The Financial Investigations Division, FID, has begun the process for the Supreme Court to consider Sterling’s full benefit from her criminal conduct, estimated to exceed 100 million dollars.
Sterling was granted bail in the sum of 700-thousand dollars.
The matter is set to be mentioned in the Home Circuit Court on May 17 for asset forfeiture proceedings.
Sterling’s son, Nicholaus Chang, and sister, Marline Ledford, also face similar money laundering charges.
They both pleaded not guilty when they appeared before the court along with Sterling.
Chang and Ledford are scheduled to return to Court on June 15.