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GEORGE TOWN, Cayman, Feb 05 2016 – Millionaire Caymanian businessman Canover Watson was sentenced to seven years in prison Friday, one day after he was found guilty of five out of six criminal charges against him in connection with the CarePay hospital contract investigation.
The sentence was handed down by Grand Court Justice Michael Mettyear Friday following submissions by Crown prosecutors and Watson’s senior defense counsel, Trevor Burke, QC.
Watson is accused of stealing money from the Cayman Islands government … from the Health Services Authority and CINICO.
During the criminal trial, which lasted two months, Watson was accused of conspiring with his friend and business partner Jeffrey Webb in a scheme to skim hundreds of thousands of dollars in profits from the CarePay patient swipe-card contract. It was a scheme prosecutors accused Watson of directing as HSA chairman.
