Pink Teddy Bear Worth Thousands

Posted By: Marty

Pink Teddy Bear Worth Thousands - 09/29/10 02:30 PM

This pink teddy bear may look adorable - but more than just cute, the stuffed animal was rich! That's right police found 14 thousand US dollars stuffed inside little Teddy when they searched him 8 days ago.

The discovery was made at 5:30 on Monday September 20th on Curl Thompson Street in Port Loyola. It was a major joint operation by the Crimes Intelligence Unit, the Financial Intelligence Unit, the Gang Unit and Special Branch. They searched the home of Marcelo Reina of # 8713 Curl Thompson Street, which is in the Port Loyola Area of Belize City. Police found seven bundles of 20.00 dollar U.S bills - each stacked 100 thick!

The money was seized and Reina was taken to the Queen Street Police Station where an assessor from the income tax department was called in. They taxed 50% - or $14,000.00 Belize dollars of the proceeds right off the top - and the other $7,000.00 US was labeled as exhibit and Reina was charged for Money Laundering.

That was just one of the busts made during September when the police had all cylinders firing on operation Jaguar and Operation Shutdown. 9 weapons were confiscated along with 88 rounds of 9-millimeter ammunition and seven 12-gauge cartridges. The weapons include four 9 millimeter pistols, two shotguns - one of them home-made, 1 UZI submachine gun, 1 .38 revolver and one 380 pistol. In total 14 persons were arrested for possession of unlicensed firearm and ammunition.

Channel 7

Posted By: Marty

Re: Pink Teddy Bear Worth Thousands - 09/29/10 02:31 PM

Pudgy teddy bear was fed $28,000

A joint operation conducted between the Crimes Intelligence Unit, Special Branch and Gang Unit netted close to thirty thousand dollars for the cops. On September twentieth at five-thirty pm a search was conducted at Marcello Reina’s residence on Curl Thompson Street, in the Jane Usher Boulevard area of Belize City. The search of Reina’s house led officers to a cute but chubby teddy bear. It turned out that it wasn’t just stuffing that made the bear pudgy but seven bundles of twenty dollars U.S. bills. Reina, the teddy bear and the cash were escorted to the Queen Street Police Station. The money was counted in front of Reina and netted fourteen thousand U.S Dollars. The income tax department was informed and fifty percent was confiscated on behalf of the Government of Belize. The rest of the cash was labeled as an exhibit and Marcelo Reina was charged for Money Laundering.

Channel 5

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