.
 |
| Bobby Boye - Foto:us |
Bobby Boye, convicted of grand theft by embezzlement, was sent by
Norwegian authorities to aid Timor-Leste. FBI now claims Boye defrauded
the poor nation out of $3.51 million.
- As you can imagine, the Timor-Leste government had some questions
to ask Norway when they realized what they had been exposed to, says
former ambassador
Pierre-Richard Prosper of Los Angeles based law firm, Arent Fox.
Mr. Prosper speaks on behalf of Timor-Leste's government on this matter.
Oil for Development
Timor-Leste,
also called East Timor, is one of the youngest and poorest nations in
the world, with more than one third of its 1.1 million population living
in extreme poverty, according to the World Bank.
But
Timor-Leste's economy is growing fast, mainly due to vast petroleum
resources. Norway authorities has heavy experience on the field. Through
its Oil for Development (OfD) program, the Nordic nation aids several
poor oil nations to ensure the resources become a blessing rather than a
curse.
The OfD program aims to «reduce poverty by promoting
economically, environmentally and socially responsible management of
petroleum resources», according to
the official mission statement.
As
part of this programme, Norway identifies, recruits and finances
several advisors. One of these advisers, hired in 2010, was Bobby Boye.
Arrested by the FBI
Boye,
a lawyer and Nigerian native with years of experience from the US, was
sent to Dili, capitol of Timor-Leste, to help make poor East Timoreans a
little less poor.
But this is not the first time Bobby Boye is in trouble with law enforcement, or accused of stealing from his employer.
No record
He has a long career of stealing, forging documents and laundering money.
Boye, also known as Bobby Ajiboye, claims to have a law degree from St. John's college at Cambridge University.
Aftenposten
asked the renowned, British college if they have either name on record.
They do not, according to an e-mail from St. John's Library.
Boye also claims to be a member of Lincoln's Inn barrister association in London. They have no record of him as a member.
Two universities in California confirms his law degrees from 1998 and 2000.
Salary and paid leave
Boye, using his alias Ajiboye, started working for Morgan Stanley in California in December 1998. According to the
New York Stock Exchange Hearing Panel,
during the months of April through July 2000, Boye caused the
unauthorized transfer of funds and stocks from his clients worth
$13,490.
Also in July, Boye was placed on paid medical leave due to what he presented as a life threatening illness.
Six
months later, Morgan Stanley learned that Boye had been employed with
accounting firm KPMG since the same month he entered paid medical leave,
according to the panel.
His employment with Morgan
Stanley was immediately terminated. The hearing panel determined he was
to be «permanently barred from membership, allied membership, approved
person status, and from employment or association in any capacity with
any member or member organization».
Grand theft and money laundering
In
a Los Angeles Superior Court plea agreement of 2007, Boye admitted to
grand theft by embezzlement of at least $150,000 and money laundering of
at least $35,000 from his former employer, 3D Systems.
His method: making sure that whenever 3D Systems paid too much in taxes to Canada, the reimbursement ended up in Boye's account.
He
was sentenced to three years in prison (served in a restitution
center), three years on probation and to pay restitution of $408,380.22.
Hired by Norway
Three
years later, in the spring of 2010, Boye was recruited by the Royal
Ministry of Finance in Norway as a tax adviser, servicing the Oil for
Development program at Timor-Leste.
For about 20 months, starting
May 2010, Boye was paid a total of 2 million Norwegian kroner
(approximately $340,000) in salary and allowances.
Timor-Leste took over the employment of Boye around February 2012, but Norway paid 60 per cent of his salary for one more year.
Early
2012, Timor-Leste marketed and solicited bids for a multi-million
dollar contract to provide legal and tax accounting advice to
Timor-Leste. Boye's job was to evaluate and advise on which firms to
award these kinds of contracts.
Luxury cars
Law firm Opus & Best won contracts with Timor-Leste, but did not disclose its strong ties with Bobby Boye.
According
to the FBI, Boye was the sole member of the company, and received all
the money - $3.51 million - transferred from Timor-Leste's account in
the Federal Reserve.
The FBI claims that Boye bought four New Jersey properties, luxury cars
(a Range Rover, a Bentley and a Rolls-Royce) and watches worth more than
$2 million.
Boye is now awaiting trial in detention in his $2
million New Jersey home, purchased before the alleged fraud commenced,
awaiting trial.
Denies all claims
Boye's lawyer, Joseph P.
Rem Jr. of Rem Law Group, confirms that Boye was found guilty of grand
theft and money laundering in the 2007 3D Systems case.
- What is Bobby Boye's position on the recent FBI claims?
- He denies it, Rem tells Aftenposten on the phone.
- Is it possible to talk to Boye directly?
- No. Even if you did get hold of him, he would not answer your questions. He is told not to discuss the case, Rem says.
Assistant
U.S. attorney Shirley U. Emehelu tells Aftenposten that the next court
date in this case has been pushed several times, most recently two weeks
prior to this article being published.
Unfortunate
Norway's
Ministry of finance was made aware of the fraud allegations in the
summer of 2013. Deputy director Håkon Tandstad signed Bobby Boye's
contract, and answers Aftenposten's questions by e-mail.
- How could a convicted embezzler be employed by the Ministry of finance?
-
That is a legit question. Vi followed what we thought were thorough
recruitment routines, and we were extra cautious because this was an
international applicant. But in this case, it obviously was not good
enough, which is unfortunate.
- What was listed in Boye's résumé?
-
Boye listed long work experience from «High level tax» and
international petroleum business. He stated his education, «professional
licenses/affiliations» and work experience.
- Who background checked his résumé, and how was this done?
-
Several members of our tax and human resources staff checked his
résumé. We interviewed four of his references. In February 2010 we
received a written letter from The State of New York Supreme Court,
stating that Boye «was issued a certificate of good standing». Nothing
in this process drew any of his qualifications in doubt, Tandstad
writes.
Did not check 3D Systems
Boye also listed 3D Systems, the company he in 2007 admitted embezzling, as a former employer.
The Ministry of finance did not check this reference.
The
four references that were interviewed, was related to a law firm in
London (who filed for bankruptcy in 2003), accounting firm KPMG, and two
offices of the Nigerian government. The last period he stated to have
worked with Nigeria, overlaps with his 2007 prison sentence.
- There were no indications of inaccurate information in 2010, Tandstad writes.
- Where was Boye interviewed?
-
He was interviewed twice in the winter of 2010, in New York and in
Oslo, by several members of our staff. Our attention was directed to his
professional qualifications, and the interviews confirmed that Boye was
qualified and that he had a broad knowledge of international tax
issues.
- When and how was the Ministry made aware of Boyes past?
-
In the autumn of last year, after the fraud accusations were made, some
claims of a previous criminal record surfaced. We were not familiar
with the actual incidents reported by Aftenposten.
Norway's
Ministry of finance decided, before this case came up, that it shall not
recruit to, or act as employer in aid programs of this sort.
Take responsibility
A
high-level official with Timor-Leste's government tells Aftenposten
that it has learned a lot about running a country in the last decade.
-
Over time, we learn that unfortunately, some governments and
individuals take advantage of our position.
We have large oil revenues,
but unfortunately, this creates a motive for companies, governments and
individuals to take advantage of us, the source says on the phone.
- How will this case affect the relations between the governments in East-Timor and Norway?
-
We appreciate what Norway has done. As long as they take
responsibility, mistakes can be made. We understand that. We also accept
that, as long as one takes the right measures. This is just one of
several examples of countries, companies and individuals trying to take
advantage of us, without saying that Norway has done such a thing.
However, this particular example was something we did not expect, the
official says.
Anything seems possible
Norway's ministry of foreign affairs is currently investigating the alleged fraud.
Øyvind
Halleraker, spokesperson on foreign affairs of Norway's Conservative
party, does not want to comment on any responsibility before the
investigation in the FBI case is concluded.
- We will need to get
back to that once there is a court ruling. But I do agree with your
source that we should learn from this. It is almost unbelievable. If you
are rude enough, anything seems possible. It means we have to be more
aware, Halleraker says.
He hopes this will not affect the relations between Norway and Timor-Leste.
- We have had a very good and promising cooperation. Norway has contributed in relevant areas.
.
