The assets of Michael Misick, the former Premier of the Turks and Caicos Islands, have been frozen world-wide.
Documents obtained by The TCI SUN revealed that on June 23rd, 2011, Chief Justice His Lordship Gordon Ward made the order to freeze all of Misick’s assets, including bank accounts here and overseas, his personal residence in Providenciales, parcels of land throughout the Turks and Caicos Islands, two condominiums, a cinema in Providenciales which still carries a variation of his ex-wife Lisa-Raye McCoy’s name, and several credit cards.
The freezing order, which was made by Special Prosecutor Helen Garlick, clearly states: “This Order prohibits you Michael Misick, the alleged offender, from dealing with all of your assets wherever they may be situated in the world and in whosever name the same assets may be held.”
It goes on to state: “This Order prohibits all of the persons, real or otherwise, named.from dealing with all or any of the assets in which the alleged offender has an interest whether directly or indirectly wherever they may be situated in the world and in whosever name the said assets may be held.”
The names of the persons and entities which are believed to have assets belonging to Misick, are listed in the order in which they appeared in the court document obtained by The TCI SUN, as follows: LisaRaye McCoy, Lyndon Roosevelt Gardiner, Lofton Misick, Floyd Hall, Jeffrey Hall, Chal Misick, Carlton Williams, Solana Holdings Limited, Grace Bay Plaza Limited, U-Hotels Holdings Limited, Prestigious Properties (1995) Limited, Avant-Garde Partnerships Limited, Hydronox Limited, Varcamp Holdings Limited, Secured Holdings Limited, Coral Square Limited, PRO Partnerships Debt Collection, Kasco Limited, East Harbour Nominees Limited, Schomer Limited, Nicosia, FirstCaribbean International Bank, British Caribbean Bank, Scotiabank (Turks and Caicos) Limited, Hallmark Bank and Trust, Joint Official Liquidators for TCI Bank in Liquidation, American Express Company, Interscope Development Limited, Dhow Limited, Sombra Co. Limited Lakeview Homes Limited, Terrapin
Investments Limited, Belview Holdings Limited, Windsor Investment Group, Windsor West, HSBC in Coral Gables, Miami, BSBC 445 Bedford Drive, Beverly Hills California, Nettie Becker Inc, USA, Bank of America, Premier Banking 818, Los Angeles, HSBC, Market Hill, Buckingham Road, England, NatWest Law Courts, Temple Bar branch POB 17020, Strand London, J & T Banka, Czech Republic and Arling Anstalt, Lichtenstein.
Under the section “PENAL NOTICE”, the Court order states: “If you, the alleged offender disobey this Order, you may be held in contempt of court and may be imprisoned, fined or have your assets seized. Any person named above or who knows of this order and does anything which helps or permits the alleged offender to breach the terms of this Order may also be held in contempt of court and may be imprisoned, fined, or have their assets seized.”
The order was made, according to the document, without notice to Misick, the alleged offender, or the other named parties.
Among the assets to which the Order applies are Misick’s former residence at Belview in Providenciales, Turks and Caicos Islands, 10.4 acres of land in North Caicos, a condominium at the Providenciales Golf Club, 1.2 acres of land on Leeward Highway which houses the LaRaye Cinema, 18.2 acres of land in North West Point, Providenciales, .97 acres on the Leeward area of Provo, another 1.08 acres in the same area, .35 acres in The Bight, another acre in the same Bight area, .7 acres of land in Bottle Creek, North Caicos, two parcels of land totaling just over 2.5 acres in the Leeward area, a condominium in the Alexandra Resort held in the name of Windsor West Limited, accounts at TCI Bank, British Caribbean Bank, HSBC Coral Gables, Bank of America in Los Angeles, and NatWest Law Courts in The Strand London, and one in the Czech Republic.
A number of credit cards were also frozen.
The court document said Misick must, within 28 days of the order, file and serve and affidavit setting out with “full particularity, the nature and extent of all of the assets in which he has any interest wherever they may be situated in the world and whether held directly or indirectly by him and whether held on his behalf by others as nominees or trustees or as the recipients of tainted gifts”.
Misick must also include in that affidavit, an account of all transfers out and receipts by him of greater than $10,000 in value since July 1st, 2005.
The order does not prevent Misick from spending up to $5000 towards his initial legal expenses in order to be advised about the meaning and effect of the said order, and to receive advice on whether he might be entitled to move the court to vary or discharge it. However, before spending such money, Misick must tell the Prosecutor where the money is coming from.
Misick may also agree with the Prosecutor that the order be varied to allow for the payment of living expenses and reasonable legal expenses, and in any other respect, any such agreement must be in writing and filed with the court in the form of a consent order.
Source:TCI SUN
