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Leroy Parris and His Overseas ‘Stash’

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Leroy Parris
Leroy Parris

In May 2012 BU posted on the matter Everton Cumberbatch Versus Leroy Parris, Larry Tatem and Breakers Investment Inc Case number”2008/770. Arising from the law suit one gleans that Leroy Parris has access to monies which he is the beneficial owner lodged in offshore accounts totalling in the million of dollars.

In todays Sunday Sun we learned of a case where Leroy Parris has applied to the High Court of Barbados to overturn an order freezing his assets and those of his company Branlee Consulting Services Inc.  In his Affidavit to support the application Parris listed assets as a residence at #8 Dayrells Heights, St. Michael valued $3.5 million; property at #243 Crystal Heights, St. Michael $1.5 million; Lots #’s 403, 404, 601, at Crystal Heights valued at $1.5 million; Lot 7 Dayrells Heights valued at  $450,000; three lots at #’s 17,18,19 at Sentinel Gardens. Barrack, Christ Church; and lot 15 at Westmorland, St. James valued at $2.2 million. In addition accounts were listed at Scotiabank and the Central Bank totalling $12 million dollars.

Relevant Links:

Under the FATCA agreement of which Barbados is a signatory although the intent is to identify US citizens who own bank accounts overseas, there is the opportunity for private individuals to be captured if   ‘current (mailing, residence, post office box or c/o) address is in the U.S, sole address is a care of address or hold mail among other indicators’– see FATCA Frequently Asked Questions.

It is obvious even to a Leroy Parris apologist that over the years he would have stashed significant monies overseas as the Barbadian middleclass has done over the years. Instead of filing a frivolous lawsuit which his lawyers have been accused of doing by the Caribbean Court of Justice why not drawdown from his overseas stash? The country and his friend the Prime Minister needs the forex now more than ever.

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65 responses to “Leroy Parris and His Overseas ‘Stash’”

  1. David Avatar
    David

    Today’s Sunday Sun quotes Leroy Parris as having 5 million deposited with the Central Bank. As far as BU is aware a central bank does NOT accept deposits from individuals.

  2. Leroy Parris and His Overseas ‘Stash’

    […] By David […]

  3. Hants Avatar
    Hants

    @ David he may have bought debentures.

  4. David Avatar
    David

    @Hants

    Holding debentures is NOT a deposit with Central Bank.

  5. Hants Avatar
    Hants

    @David,

    I have never heard of an individual depositing money in a Central Bank but I could be wrong.

  6. David Avatar
    David

    @Hants

    Correct, obviously the newspaper got it wrong.

  7. Pachamama Avatar
    Pachamama

    David
    FATCA is about tracing the foreign accounts of US citizens/residents. Unless Parris used an American passport in setting up foreign accounts he could have easily escaped the FATCA ‘policing’.

    In addition, he might have used a string of dummy corporations over a number of offshore jurisdictions. There could have been trusts involved, blind or otherwise. Numbered bank accounts, and so on.

    Moreover, not all institutions recognize FATCA, though most do. In recent times European banks, especially, are trying to avoid FATCA as a results of the large fines imposed on them by these American extra-territorial regulations and in relation to American citizens/residents.

    Anyhow it is reasonably unlikely that someone using a Barbados passport or that of a third country would not be able to ‘avoid’ the long arm of Uncle Sam.

    FATCA makes Barbados and most other countries mere colonial outposts. Even if you sent 20 USD from Trinidad to St. Vincent both jurisdictions have to report the transaction to the US Treasury Dept.

    Then again a growing number of financial people are now dealing in Euros and other currency to avoid imperial outreach. Every time a transaction is done in USD the American presume their laws apply, regardless of citizenship or where you may be.

    If he had a little bit of advice the authorities in Bim would not be able to find a yin without his cooperation. If there’s any money, in the first place.

    We have never been convinced that these people have any real money. Or even know how to thief big. To us these boys are all petty criminals.

  8. John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES, Avatar
    John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES,

    We love to see the Deeds for the land he listed , for we have the Plantation deeds for them and we know Beatrice Henry nor Violet Beckles sold his crook and scumbag ass nothing,

    As said before , no clear title of land and they did a lot of selling with CLICO and Terra Real estate , By now who dont believe the true now its all in your face ,, He own Nothing , But now caught red handed,

  9. Dompey Avatar
    Dompey

    It is good to see that the watchdog committee is still alert and vigilant.

  10. John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES, Avatar
    John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES,

    David February 15, 2015 at 6:48 PM #

    Today’s Sunday Sun quotes Leroy Parris as having 5 million deposited with the Central Bank. As far as BU is aware a central bank does NOT accept deposits from individuals.
    @

    Well David we know the was on some shit for a long Time ,, NOW all welcome to the World of PLANTATION DEEDS. ALL OF THIS WILL NEVER STOP UNTIL ALL THINGS ARE CLEARED ,,

    LET NOT FOR GET MIA THE CROOK BLP/EX AG ,, AND MR FORDE AT LAND TAX , ALL THE HEADS OF THE GOVERNMENT DEPARTMENTS, ,,,

  11. David Avatar
    David

    Thanks Pacha, the bigger point BU wants to make is that Parris should have a stash in the US and the UK.

  12. Pachamama Avatar
    Pachamama

    West Indies 90/5,,,,,,,,,,,,,,,against IRELAND!

    What has to happen to kill the WICB(C)?

  13. Pachamama Avatar
    Pachamama

    David

    How you noticed that a high percentage of recent posts had to do with corruption or mal-administration?

    Surely, this must be a sign of the times, no?

  14. David Avatar
    David

    @Pacha

    Smoke and mirrors, obsfucation BS will take us so far before reality sets in.

  15. Bajan New Yorker Avatar
    Bajan New Yorker

    Parris holds St Kitts and Dominican passports.

  16. Simple Simon Avatar
    Simple Simon

    @Bajan New Yorker February 15, 2015 at 9:49 PM “Parris holds St Kitts and Dominican passports.”

    Did he buy these passports and if so why?

  17. Simple Simon Avatar
    Simple Simon

    @David “It is obvious…that over the years he would have stashed significant monies overseas as the Barbadian middleclass has done over the years.”

    Dear David: The Barbados middle class is one serious illness away from begging their old mothers for a half of a breadfruit to feed their children.

    If as you believe the Barbados middle class has millions stashed overseas how come that enrollment at UWI has dropped by 40% You mean to tell me that middle class Bajans have money stashed in foreign bank accounts and won’t use any of it to educate their own children.

  18. Simple Simon Avatar
    Simple Simon

    As for Leroy Parris’ belly aching in today’s Sunday Sun, please tell him that most Bajans don’t give an @ss whether or not he can pay his bills. Tell him that we say WELCOME TO THE REAL WORLD.

  19. John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES, Avatar
    John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES,

    Well he better get a plane ticket to get all the money in other banks, as long as he lives poor in BIM , but we sure some one have his back and they did the speaker of the house right Prime Minister Crook,
    We sure he have cash some where him or his wife,

  20. Crusoe Avatar
    Crusoe

    Pachamama February 15, 2015 at 7:17 PM # David FATCA is about tracing the foreign accounts of US citizens/residents. Unless Parris used an American passport in setting up foreign accounts he could have easily escaped the FATCA ‘policing’.

    Original article is correct, anyone with an address in the US is ‘open’ to the tentacles of FATCA. Irrespective of nationality. FATCA is about capturing taxes on income earned. While that is targeted mainly at US citizens, due to the ‘rules’, others are open to inclusion.

  21. Well Well Avatar
    Well Well

    “@Bajan New Yorker February 15, 2015 at 9:49 PM “Parris holds St Kitts and Dominican passports.”

    You can buy passports from both countries as long as you have the moola.

    Another big reason for Fruendel Stuart, Prime Minister of Barbados, to be very ashamed of himself and his cavalier attitude toward crimes being committed by his friends. Prison was not designed only for the poor and those who cannot pay rent.

    One big reason why Bajans should be very mindful of their children being vaccinated with anything that’s currently being investigated.

    http://healthimpactnews.com/2014/mass-sterilization-kenyan-doctors-find-anti-fertility-agent-in-un-tetanus-vaccine/

  22. John Avatar
    John

    I see the man’s lawyers are starring at CCJ!!

    http://www.barbadostoday.bb/2015/02/14/legal-knocks/

  23. Hants Avatar
    Hants

    More pain for policy holders.

    There will be no pensions for CLICO policyholders this month because the company has run out of cash.

    http://www.barbadostoday.bb/2015/01/16/clico-hit-by-new-cash-woes/

  24. David Avatar
    David

    BU understands Leroy left the island for Miami yesterday and will be onward bound to the UK. Hardship you say?

    On Monday, 16 February 2015, Barbados Underground wrote:

    >

  25. FearPlay Avatar
    FearPlay

    Gone to get some cash maybe?

  26. FearPlay Avatar
    FearPlay

    For attorney fees of course!

  27. Simple Simon Avatar
    Simple Simon

    @Well Well February 16, 2015 at 11:16 AM”One big reason why Bajans should be very mindful of their children being vaccinated with anything that’s currently being investigated. http://healthimpactnews.com/2014/mass-sterilization-kenyan-doctors-find-anti-fertility-agent-in-un-tetanus-vaccine/”

    Dear Well Well: Surely you are aware that Health Impact News is not a legitimate medical publication, but is in fact an anti-vaccine rag.

    Furthermore I am sure that you have been vaccinated against tetanus etc. and that it has not affected your fertility.

    And futhermore since tetanus is an extremely serious disease….I have know 3 people in my little village who died of tetanus in the 1960’s 70’s and one other who spent months in the intensive care unit of the Queen Elizabeth hospital who would you sit where ever you are and seek to encourage people not to vaccinate themselves and thier children.

    Since I work in agriculture and since tetanus is spread through dirt I receive a tetanus vaccine every 10 years

  28. Simple Simon Avatar
    Simple Simon

    And furthermore since the Kenya fertility rate is 4.5 per woman if as health impact news says anti-fertility drugs are in the tetanus vaccine it is clearly not suppressing Kenya’s fertility rate.

  29. John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES, Avatar
    John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES,

    Leroy now have to expose the overseas accounts to maybe live like he want, All now will just have to check him well to see if he comes back with blood diamonds to launder in Barbados and the Royal Shops ,

  30. St George's Dragon Avatar
    St George’s Dragon

    Apologies for going off-topic but It is important to nip incorrect rumours about the harmful effects of vaccines in the bud. Here is the detailed information about this continuing hoax:
    http://www.snopes.com/medical/disease/tetanus.asp

  31. Bajan New Yorker Avatar
    Bajan New Yorker

    Gone to hide funds at HSBC UK

  32. Bajan New Yorker Avatar
    Bajan New Yorker

    @Well Well, Leroy Parris is the Ambassador at Large for Dominica thanks to his friend corrupt Roosevelt Skerrit. The other clown is his friend Denzil Douglas of St Kitts.

  33. DeeWord Avatar
    DeeWord

    China’s Churning Out Billionaires , was the headline on the Bloomberg news site.

    So I wondered, has anyone reread ‘Animal Farm’ recently?

    The more things change the more they remain the same!

    When did it become acceptable to have millionaires and billionaires in a communist economy?

    No wonder Putin ‘fears’ China’s growth and reach and has effectively installed himself to the apparent joy of his infatuated citizens as Czar for life.

    Fellows like Duprey and Parris are essentially cut of that same cloth: they see themselves as entitled; deserving of riches skimmed from the hard work of Joe and Jane Baje and as Czars for life over the fortunes of we the gullible masses.

    Is it too late for another revolution!

  34. millertheanunnaki Avatar
    millertheanunnaki

    @ Bajan New Yorker February 16, 2015 at 7:43 PM

    I keep telling you that Greenverbs Parris is the smartest Bajan that ever lived and is the smartest the Caribbean ever produced, after the Trickidadian Duprey.
    These two smartass rats had every corrupt West Indian top politician in their filthy pockets.

    It is claimed that corrupt Douglas used to receive large sums of CLICO money to help pay the airfares of those overseas voters. It is left to wonder who would be fitting the bill this time around for the hundreds of overseas voters who “freely” returned to cast their ballots. Many do come out of the UK for sure.

    A smart Bajan by the name of Poochie Parris and a smarter Trickidadian by the name of Duper Duprey got to know West Indian politicians were corrupt. So both hatch a plan to scam poor CLICO policy holders by ‘buying’ the small island prime ministers:

    Which one did the CLICO fountain of gold blessed most abundantly?

    Was it punch-drunk Owen?
    Was it squeaky doggie Denzil?
    Was it the dead Queen David?
    Or was it our rooster Ladyboy Skerrit?

  35. Easy Squeeze (make no riot) Avatar
    Easy Squeeze (make no riot)

    Is $’s in BBD or USD Iso CCY Code?

    Where’s Pacha?
    It’s Black History Month Half Time

    http://youtu.be/ZqYLzgW8Da8

  36. David Avatar
    David

    CLICO DEAD?

  37. David Avatar
    David

    Looks like Parris was on island.

    leroy-parris2015

    CLICO’s former boss Leroy Parris (right) is accompanied by his lawyers Michael Yearwood (left) and Hal Gollop QC after yesterday’s court hearing. (Nigel Browne.)

    LEROY PARRIS may have to wait a little longer to find out if he can access funds from his multimillion-dollar bank accounts that the High Court has frozen.

     

    Yesterday, the former CLICO boss’ attempt to have the decision reversed was adjourned for hearing on a date to be announced before a new judge.

    After listening to over two hours of legal submissions during an in-chambers hearing, Justice William Chandler reportedly recused himself from the matter on the grounds that he was already hearing the substantive application in which CLICO’s judicial manager Deloitte Consulting Ltd has applied to have CLICO’s sealed audit report of June 21, 2013 opened.

    Please read the full story in today’s Daily Nation, or in the eNATION edition.

    – See more at: http://www.nationnews.com/nationnews/news/63637/parris-wait#sthash.5osbiOZT.dpuf

  38. Vincent Haynes Avatar
    Vincent Haynes

    @millertheanunnaki February 16, 2015 at 8:34 PM #

    I note that the vote count in St.Kitts has been stopped……..very interesting.

    @David

    Possibly you could update us on St.Kitts’ elections and background to it.

  39. bdosmike Avatar
    bdosmike

    Can someone please explain how an Order to Freeze assets can possibly be overturned, when the evidence which led to the Order is contained in a sealed Forensic Report? Once the Forensic Report is unsealed, it can be used as evidence either to prove that the Order to Freeze was unjust, or alternatively that criminal charges and proceedings should commence with all due haste. In the meantime, I do not see how any Judge would entertain a submission to overturn the Order.

  40. are-we-there-yet Avatar
    are-we-there-yet

    Bare Tricks!!!!

    Could they have been trying to trick the court into a position where the original matter could have been thrown out on a legal technicality?

  41. millertheanunnaki Avatar
    millertheanunnaki

    @ bdosmike February 17, 2015 at 7:38 AM

    You really are quite unfamiliar with the local ‘justice’ system.
    Why not ask the CCJ for an informed assessment of what is and isn’t possible when it comes to justice à la Barbade?
    The motto for justice in Barbados is:
    “Put a highly sensitive matter before the courts and let it languish, sine die, to face its inevitable outcome with the effluxion of time.”

    Leroy Parris knows fully well this move to shame him is just one big charade. He is just one shameless sob who is prepared to be the public’s whipping boy fully aware he is well-protected by the evil forces right through the Bajan society web of corruption and hypocrisy.

    Parris has rewarded handsomely those devils in high places and they dare not bite the hand that once fed them.
    Not even archangel Raquel can touch the leper Leroy as long as God Fumble and Pals are on Le Roi ‘s side.

  42. David Avatar
    David

    Why did Justice Chandler not recuse himself at once? He listen as reported for two hours?

  43. Artaxerxes Avatar
    Artaxerxes

    ac February 16, 2015 at 9:23 PM #

    “……however she left the clean up job for the yardfowls who now have pick up the gauntlet and proceed with one intention purposefully and forcefully to deceive the policyholders that their best interest would be served by catching small fry, a bunch of hypocrites….”

    I was not going to respond to this nonsense, but after re-reading it, I became quite disturbed. However, since the Jeff Broomes issue is not the “place” to discuss CLICO, I have brought my reply to a CLICO post.

    It is mind boggling that idiots can be so loyal to mere mortal members of the DLP, and would prefer to lay blame of this CLICO scandal at the feet of BU, the Judicial Manager, BLP and even the policy holders, in an attempt to vindicate Parris, because they “see this Leroy Parris sleigh hammer attack a ways to an end and a way to decimating govt and a chastisement of sort for PM Stuart support of Parris”.

    Fortunately, the Deloitte forensic report revealed a number of financial anomalies undertaken by the executives and “related parties” of CLICO Holdings (Barbados) Limited, and in particular, Parris. Comments on BU relative to the CLICO scandal, have been based primarily on information outlined in this report. However, contributors have been described as “BLP yard-fowls” by those persons whose specific agenda is to protect Parris because of his intimate relationship with the DLP.

    Parris was CHBL’s Chairman and Chief Executive Office. Anyone who holds such a position, can be easily identified as being responsible for CLICO’s Barbados operations and, in keeping with protocol, he has to take full responsibility for whatever occurred under his watch. Hence, by no means can he be considered “small fry”.

    Those of us who are rational in thought are cognizant of the fact that the JM’s civil suit was based on the certain information in the report, and NOT THE OPINIONS of BU contributors. Also, these opinions will not be admitted into evidence. Therefore, it is a monstrous perversion of common sense to imply contributors have an “intension purposefully and forcefully to deceive the policyholders”. Obviously, these comments must be directed to the Judicial Manager.

    So, are these DLP shiite hounds who call themselves AC, suggesting that:

    1) The Judicial Manager’s civil suit against Leroy Parris should have NOT BEEN FILED, because they “now have pick up the gauntlet and proceed with one intention purposefully and forcefully to DECEIVE the policyholders that their best interest would be served by catching small fry [Parris]?
    2) As Chairman and CEO of CHBL, Parris should not be held accountable for the part he played in this debacle, so it would be in the policy holders’ best interest to let him go scot free?
    3) The JM has rescinded its mandate to protect CLICO and the policy holders, by filing the civil suit?

    Based on their comments, it can be clearly seen that, for the AC consortium, their sympathy is reserved specifically for Parris and not the victims of CLICO.

  44. David Avatar
    David

    Why would Parris’ lawyers have asked the Judge to censure the Nation when he went public with a press conference with the CBC and BT.

  45. FearPlay Avatar
    FearPlay

    @David 8:27 Very good point. When I read of that turn of events this morning I wondered why he even agreed to sit in the first place. It’s not like he woke up yesterday morning and discovered “Hey, it just crossed my mind that I am already involved in this matter and can’t sit in judgement”. Wow, what twist and turns.

  46. Artaxerxes Avatar
    Artaxerxes

    @ David February 17, 2015 at 10:24 AM #

    “Why would Parris’ lawyers have asked the Judge to censure the Nation when he went public with a press conference with the CBC and BT.”

    I was wondering the same thing.

    Perhaps it was a deliberate strategy not to invite the Nation to their press conference, because they wanted to argue that the Nation’s reporting of the CLICO court case was contemptuous.

  47. are-we-there-yet Avatar
    are-we-there-yet

    David; re. your 10:24 am post.

    That Press conference has always seem like a sore thumb and anomaly to me.
    What was its real purpose?

    Similarly, what was the purpose of providing the Nation with gratuitous information through Parris’ presumed comments re. “hardship” to its reporters about the chilling effects of the freezing of the $4.5 million?

    It seems to me to be a case of the lawyers following an eminently flawed strategy insisted on by a well heeled and headstrong client and not a case of implementation of tried and tested strategies by eminent Lawyers and QC’s to boot.

    On another matter, it seems that the matter of “deposits” or “debentures” in the Central bank has not yet been clarified as deposits still seems to be being used re. that matter by people who should know the difference.

    Can we assume that the Nation is faultless in the above matters given its recent track record?

  48. David Avatar
    David

    @Are-we-there-yet

    The responsibility rests with a responsible media, in this case the Nation newspaper, to clarify.

    Regarding the press conference there must have been a strategy behind it. Artax’s suggestion seems farfetched but who knows.

  49. Prodigal Son Avatar
    Prodigal Son

    are-we-there-yet February 17, 2015 at 11:48 AM #

    “It seems to me to be a case of the lawyers following an eminently flawed strategy insisted on by a well heeled and headstrong client and not a case of implementation of tried and tested strategies by eminent Lawyers and QC’s to boot”………………………………………………..

    Prior to 2010, when we learnt that Fumble was Gollop’s lifelong friend, I never really thought of Hal Gollop as any big time lawyer. Since 2010 after Fumble became PM, he seems to be trying to make a name for himself even by receiving the noted QC designation.

    Is he really in the top drawer of lawyers when in the case of the “barefoot” preacher, he brought the case against the church wardens and not the church? Even I a non lawyer knew that if you were bringing a case it would have to be against the church. That tells you how learnt he is!

    He now seems to have a beef against the Nation as it is exposing his client even though he exposed how ignorant his client is when he had CBC cameras there in his office. Why the hell was CBC drawn in to this and did CBC not have any other news to cover on that day?

    To quote you… “That Press conference has always seem like a sore thumb and anomaly to me. What was its real purpose?

    “This proves that CBC is a biased waste of time and is the play toy of the DLP.

    There is something special about this man Leroy Parris. How else can one explain that even in the face of all the evidence, he is still being presented as honest and has done nothing wrong? What is it that he has on the DLP that he is protected at ALL costs?

    Oh to be a dem. The DLP will not always have power, look at Denzil Douglas, he is shell shocked today!

  50. are-we-there-yet Avatar
    are-we-there-yet

    David;

    My point was why have the press conference at all?

    Are we now into a new phase where trial is by press conference and who puts on the best showing at their press conference wins?

    That press conference was surreal, as I think I commented earlier.

    It was good for the blogging community and the Nation as it might provide a defence for any comments that flows from it. But it always seemed to me as being “not the done thing”.

    That’s why I think the money and not the lawyers were leading in that event.

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