Creed’s sentence adjourned

Sentencing did not go ahead on Friday as scheduled for Raymond Frank Creed on four counts of money laundering.

A jury had found him guilty on 19 April and he was granted conditional bail in part because of pending knee surgery (Caymanian Compass, 21 April).

When the defendant returned to court on Friday, again in a wheelchair, Defence Attorney Delroy Murray told Chief Justice Anthony Smellie that Creed had been unable to undergo the operation.

His doctors said he now had significant kidney failure in addition to a heart problem and his condition required stabilisation, Mr. Murray summarised. He was therefore asking for sentencing to be adjourned.

Solicitor General Cheryll Richards, who conducted the case for the prosecution, did not oppose an adjournment.

She gave notice of the Crown’s intention to apply for a confiscation order and handed up an affidavit from the investigating officer in support of that notice, setting out the defendant’s realised assets.

Ms Richards also provided sentencing authorities and suggested that both sides could benefit from the adjournment.

The Chief Justice put the matter to Friday, 12 May, and continued Creed’s bail. Conditions include residence at a specified address in George Town rather than at his own home in North Side.

Creed, now 71, has resided in Cayman part-time since 1981 and holds both Canadian and Australian citizenship.

Creed was found guilty on two counts of assisting convicted credit card fraudster Kenneth Taves to retain the benefit of his criminal conduct. He was also found guilty on two counts of concealing or transferring proceeds of Taves’ criminal conduct.

The offences for which he was found guilty took place between August 1998 and April 1999. They involved assisting another person to retain the benefit of criminal conduct and concealing or transferring proceeds of the other person’s criminal conduct.

That other person was Kenneth Taves, an American who pleaded guilty in the US in 2001 to credit card fraud.

According to evidence heard during the trial, Creed and Taves had known each other since the early 1980s when they were neighbours in Cayman Kai.

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