Log In

Reset Password

Accountant jailed for fleecing public purse

An accountant who admitted laundering a fortune stolen from the Bermuda Government has been jailed for seven years and four months by the Welsh courts.

Confiscation proceedings are now under way to recover the funds stolen from the island by Jeffrey Bevan during his time in the Bermuda Accountant-General's office.

Bevan, 50, from Cwmbran, Wales, has been convicted of laundering £1.3 million, according to the Bermuda Police Service.

In total, $2.4 million in Bermuda currency were laundered through various bank accounts in Bermuda and the UK.

The conviction closes four years of joint investigations between the Organised and Economic Crime Department of the Bermuda Police Service and the Welsh authorities.

Bevan pleaded guilty to all 13 counts on the first day of his trial at Cardiff Crown Court.

Co-defendants Joel Ismail and Paul Charity, both from Leicester, who had also faced joint charges conspiring to launder money stolen from the Bermuda Government, were unanimously acquitted last week.

The court heard that Bevan, a qualified accountant, was employed as payments manager for the Bermuda Government between 2011 and 2013 on an annual salary of $112,000.

During that time he used his expertise to manipulate payments software system to steal $2.4 million in 52 separate thefts over two years.

Detective Superintendent Sean Field-Lament, head of the Crime Division of the Bermuda Police Service, thanked all who took part in the case. He said that there was “no doubt that as a result Bermuda is safer for the combined efforts demonstrated in this investigation”.

It is The Royal Gazette's policy not to allow comments on stories regarding court cases. As we are legally liable for any libellous or defamatory comments made on our website, this move is for our protection as well as that of our readers.

Behind bars: Jeffrey Bevan (Photograph supplied)

You must be Registered or to post comment or to vote.

Published February 17, 2018 at 8:00 am (Updated February 17, 2018 at 9:32 am)

Accountant jailed for fleecing public purse

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon