Coye family finally gets back frozen assets

On May fifth, the Supreme Court ruled that the assets of the Coye Family, frozen for years by the FIU in a money laundering case, be released. But any jubilation was short lived. Just a few hours after that decision was handed down, a Panamanian company called Internet Experts SA, had applied for and been granted an ex-parte injunction. The company, doing business as Instadollar, claims that the Coye family owes them in excess of four million U.S. dollars. The assets were effectively put in the freezer once again, but today, almost a month after the decision by the Supreme Court, the Coye’s assets were finally, and actually, released. The injunction was thrown out this morning, and for the first time in five years, Marlene and Melonie Coye were smiling as they exited the court.

Reporter

“So you guys will get to access your money today right?”

Melonie Coye, Assets Unfrozen

Melonie Coye

“Yes I hope so. Either today or if not, early next week. Plus we just want it to be finally over. It’s been hard, it’s been rough, it’s been a long journey and I am very sick this week with the diabetes. I am not feeling too well, but I’m hanging in there.”

Arthur Saldivar

Arthur Saldivar, Attorney for the Coyes

“There’s no injunction, there’s no inhibition on the ability of the Coye family to access their funds…the funds are theirs. The court has seen that there is no good arguable case in relation to what the claimant brought, and there are some attendant issues that will have to be exposed thereafter. So I don’t see this as a dubious judgment in the least. I think this was as clear as it can get, very clear, comprehensively clear, clearer than most that I have listened to and I am very impressed. I take no particular pleasure in the fact that a person has died throughout these entire proceedings and nothing can bring back that life, but I’m just kinda happy for my clients at the moment that we were able to get this victory. It’s an important one.”

It is now up to the Coyes to follow up on getting their money in hand. Saldivar says that his job is done.