Smith convicted of fraud
Created: Mar 29, 2006 10:00 AM
Terence Smith is taken away in a prison van after being found guilty of 42 of the 45 counts against him.
Former Bermuda Housing Corporation property officer Terence Smith was today convicted of 42 out of 45 charges in his $1.3 million fraud trial and is now likely to face a lengthy prison sentence.
Smith, 45, the only person charged in the BHC scandal, was accused of defrauding the Corporation between September 2000 and February 2001 by rubber-stamping inflated bills submitted by Mr. Barbosa for payment in the knowledge that they were false.
Mr. Barbosa, according to the prosecution, passed $924,668 in profits from this scam back to Smith in the form of cash, plus goods for his home in Tee Street, Devonshire.
See tomorrow's Royal Gazette for full coverage of the end of the trial.
