1999: Geoffrey Maxwell arrested on $22m fraud charge
Veteran football coach and former national player Geoffrey Maxwell was arrested on August 12, after Fraud Squad detectives charged him with fraudulent conversion of over $22 million. He was sentenced to 12 months in prison.
1999: Fullertons arrested and charged
In 1999, father and daughter, Henry and Nicole-Ann Fullerton, the former head and operations manager of the Caldon Finance Group, were accused and arrested on charges of conspiring to defraud Caldon depositor and businessman Collin Karjohn of $10 million and US$120,000.
Fullerton was arrested in February 1999, in connection with the charges, while Nicole was arrested and charged on April 7. She was sentenced to 12 months in prison in March this year, but offered $6 million bail, pending the outcome of her appeal to the United Kingdom Privy Council. The case of Henry Fullerton, who is charged with breaches of the Financial Institutions Act, is still before the court.
2001: Sonia Jones goes to jail
Prominent Kingston attorney-at-law, Sonia Jones, was sent to jail, on June 25, after losing her legal battle in the Court of Appeal. Ms. Jones had appealed against her convictions and an 18-month sentence for defrauding two clients of US$83,740. Jones was 54 at the time. She served only six months in prison.
2007: Five held in Montego Bay lottery scam
On February 27, Kenley Stevens, 22, an entertainment coordinator, was arrested and charged on several counts of fraud. Stevens is the former chairman of the West Central St. James People's National Party Youth Organisation, Region Six. Also implicated were Shameika Headley, Stephen Allen, Leroy Campbell, also called 'Sufferer', and Damion Marshall, all of Bogue Hill Village, Montego Bay.
2007: Fraud at Red Stripe
Only last week, Red Stripe reported that half of its 300 per cent bad debt for 2006 was wrapped up in fraud.
The beer company, listed as Desnoes and Geddes on the Jamaica Stock Exchange, said $42 million of the $85.23 million reported as bad debts at year end June 2007 - threefold the $23.82 million reported in 2006 - could not be substantiated.