12 February 2005 – LAWFUEL – The Law News Network – Marcos Daniel J…

12 February 2005 – LAWFUEL – The Law News Network – Marcos Daniel Jiménez, United States Attorney for the Southern District of Florida; and Michael S. Clemens, Special Agent in Charge, Federal Bureau of Investigation, announced today that defendant, Hubert Garland Evans, the President and Chief Executive of Prime Bahamas Limited, one of the largest wholesale/retail on grocery suppliers in the Bahamas, was sentenced recently to a term of eighteen (18) months’ imprisonment and ordered to pay restitution of $723,000 by United States District Court Judge Adalberto Jordan, in Miami, Florida.

On January 28, 2003, Evans was convicted by a federal jury in Miami on three (3) counts of wire fraud, in violation of Title 18, United States Code, Section 1343, in connection with submitting false financial statements to the United States Export-Import Bank of the United States in Washington, D.C. At trial, the government showed that Evans caused the preparation of false financial statements of his former and now defunct company, Jagar Limited, and submitted them to the Export-Import Bank, a government agency which aids in financing and facilitating United States exports, in September 1996 to secure an export credit insurance policy. After submitting the false financial statements, Evans continued his scheme to defraud the Export-Import Bank and Hialeah’s Produce Direct, Inc., a private entity, by repeatedly and falsely representing that Jagar, a privately-held company, was financially stable, when, in fact, it was almost insolvent. After the insurance policy was issued based upon the false financial statements, Jagar’s business failed.

Mr. Jiménez commended the investigative efforts of the Federal Bureau of Investigation and the Export-Import Bank. This case is being prosecuted by Assistant United States Attorney Richard Hong.

A copy of this press release may be found on the website of the United States Attorney’s Office for the Southern District of Florida at www.usdoj.gov/usao/fls . Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or on .

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