Indictment Unsealed In Financial Crime

admin —  February 17, 2009 — 1 Comment

Henry Calucag, 59, aka Hank Jacinto, and Debra Anagaran, 51, both of Honolulu, Hawaii, have been charged with financial crimes relating to their acquisition in 1990 of a residence formerly belonging to Hawaii resident Arthur Spooner Young.

The eight-count Indictment alleges that Arthur Spooner Young disappeared in 1990 after traveling to the Philippines from Honolulu at the request of Calucag. According to the Indictment, prior to Young traveling to the Philippines, Calucag and Anagaran fraudulently caused him to transfer title to his St. Louis Heights home to Anagaran as part of a financial arrangement whereby the equity in the residence would be used to fund a $70,000 investment by Young into Calucag‘s helicopter sales business. According to the Indictment, Calucag next persuaded Young that Young needed to travel to the Philippines in order to accept an $80,000 commission on helicopter sales, which was supposedly Young’s initial return on his investment. Young then traveled to the Philippines in October 1990, and has never been heard from since.

After Young departed for the Philippines, Anagaran took possession of the St. Louis Heights residence, where she and Calucag have since resided.

The Indictment further alleges that Anagaran made false statements about her income, assets and employment in a mortgage application when she borrowed money using the St. Louis Heights residence as collateral in 2006.

The Indictment charges Calucag and Anagaran with conspiracy to commit money laundering, four counts of money laundering, and one count each of wire fraud and mail fraud.

If convicted of the offenses charging money laundering, the defendants face up to 20 years in prison as to each count, and a fine of $500,000.00, or twice the value of the property involved in the money laundering offense, whichever is greater. If convicted of the offenses charging mail and wire fraud, the defendants face up to 20 years in prison as to each count, and a fine of up to $250,000. Anagaran has been arrested by the Federal Bureau of Investigation when she arrived in Guam from the Philippines.

U.S. Attorney Kubo cautioned that an indictment is merely an accusation, and that defendants are presumed innocent unless and until proven guilty.

This matter is being investigated by the Federal Bureau of Investigation, and is being prosecuted by Assistant United States Attorneys William Shipley and Amy Olson, and Special Assistant United States Attorney Christopher Van Marter, a Deputy Prosecuting Attorney for the Department of the Prosecuting Attorney, Honolulu.

Be Sociable, Share!


Posts Google+

One response to Indictment Unsealed In Financial Crime


Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>