Briton sent to prison for laundering HK$3m
A British consultancy firm owner was jailed for two years yesterday for laundering more than HK$3 million from an overseas fraud scheme through a local bank account.
Everton Clive Davis, 51, who lived in the Philippines, made regular trips to Hong Kong to withdraw the money, which had been paid into the account by victims who believed they were making refundable deposits to ensure purchase of stocks that were never bought.
Davis had been convicted in the District Court of six charges of money laundering.
Prosecutor Robert Andrews had told the court that Davis set up Hylton Consultancy Group in 1998.
Between April and May this year, 27 victims in Britain - including a retired London judge, Clive Callman - had paid US$387,188 into the company's HSBC account.
Mr Andrews said immigration records showed a pattern of Davis coming to Hong Kong to withdraw US$188,000. Davis was arrested at the Central branch of HSBC on June 1 by police officers from the commercial crime bureau while trying to withdraw US$170,000.
Judge Bernard Whaley ordered that money seized from Davis and HK$25,000 in bail money be divided among 10 victims.
