US Arrest Warrant Issued For Cambridge

According to the South Florida Sun Sentinel, Cambridge, along with one of his co-accused, North Miami businessman Joel ‘Jodi’ Williams, was formally indicted on five counts of money laundering and one count of conspiracy to commit money laundering.

If convicted, the men face a maximum penalty of 20 years in prison and a $500,000 fine.

Cambridge did not attend the arraignment and US Authorities believe that he is currently in The Bahamas.

It is unclear at this point whether or not US officials will make a request for Cambridge to be extradited to the US.

Cambridge’s three co-accused Williams, suspended Broward County Commissioner Josephus Eggelletion, and Hallandale Beach businessman Ronald Owens, were arrested in September and told that they faced charges, including conspiracy to commit money laundering.

Tuesday’s indictment revealed that the four men are accused of laundering nearly $900,000 between March 26, 2006 and September 2, 2009, for Federal Bureau of Investigation (FBI) agents who were posing as businessmen.

FBI agents told Cambridge that they needed to hide assets from an investment fraud scheme.

According to a statement from the US Attorney’s Office for South Florida, an undercover agent and several others met with Cambridge in March 2007, who instructed them on how to launder assets in The Bahamas.

The group allegedly laundered the money through a bank account that Cambridge opened at FirstCaribbean International Bank.

The money was later routed to an FBI-controlled account in St. Croix in the US Virgin Islands.

Shortly after Cambridge’s indictment in September, PLP leader Perry Christie said he "regretfully" accepted Cambridge’s resignation from his post as PLP treasurer.

"Mr. Cambridge indicated that he intended to focus all of his attention on establishing his innocence to the charge upon which he was indicted in Florida. In these circumstances, Mr. Cambridge did not think that it would be appropriate for him to continue to serve in any capacity within the party at this time," he said.

"I understand and accept Mr. Cambridge’s decision and commend him for dealing with this matter so responsibility and promptly."

The five-year senior partner at Callender and Co. also resigned from his post one day after he was made aware of the charges against him.

Director of Public Prosecutions in the Attorney General’s Office Bernard Turner said that the office has not received a request for Cambridge’s extradition.