Andre Curtis jailed for 15 months
Businessman Andre Curtis was today jailed for 15 months for carrying on an investment business without a licence.
Curtis, who was campaign manager for former Premier Ewart Brown, admitted to the offence in October.
The charge relates to his company, Harvest Investment Holdings, and spans the period March 2007 to December 2008.
The Royal Gazette obtained copies of printouts last year showing how the company claimed on its website to be licensed by the Bermuda Monetary Authority (BMA) to conduct investment business.
In fact, the firm did not have a licence.
Conducting an investment business without a licence is an offence under the Investment Business Act 2003, carrying fines of up to $250,000 and a maximum five years in prison.
Curtis was arrested in December 2008. Police searched his home in Warwick and seized thousands of documents.
Sentencing him today, Puisne Judge Carlisle Greaves told him his “actions struck at the heart of the economy of this nation”.