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March 3, 2026
Aubrey Norton and his wife, Martina Seepersaud, were on Monday sentenced to four years’ imprisonment each after being found guilty of money laundering in connection with the transfer of $53.5 million toward the purchase of property at La Bonne Intention, East Coast Demerara.
The conviction followed an investigation by the Special Organised Crime Unit (SOCU), which found that the couple acted as agents for Accelerated Capital Firm Inc., an unlicensed company that performed functions of a financial securities firm and illegally solicited clients to invest in foreign exchange trading in exchange for commissions.
Prosecutors said the company’s principals hired Norton and Seepersaud to secure investors at a 10 per cent commission while earning a combined monthly salary of G$175,000.
In 2021, SOCU arrested and charged the pair under Section 3(1)(a) of the Anti-Money Laundering and Countering the Financing of Terrorism Act, alleging they transferred $53.5 million as a down payment on a $70 million property in an effort to conceal or disguise the illicit origin of the funds.
The prosecution relied on evidence from investors, cash collections, large cash property transactions, income records and employment records. The defendants denied being employed by Accelerated Capital Firm Inc. and denied entering into any agreement to purchase the property.
In her ruling, Magistrate Rushell Liverpool said the court was satisfied that the prosecution had proved beyond reasonable doubt that the money represented proceeds of crime, that the defendants knew or had reasonable grounds to believe this, and that the transfer was intended to conceal or disguise the illicit origin of the funds.
The magistrate described the movement of large, unexplained cash into real estate as a classic method of converting illicit funds into ostensibly legitimate assets.
Defence attorney Latchmie Rahamat gave notice of appeal and applied for bail under the Bail Act of 2022, but prosecutors opposed the request, arguing there was little prospect of success. Bail was denied.
