Four banks, $352m hit

A man, allegedly using a fictitious identity, got a total of $352 million in mortgage loans from four financial institutions over a one-month period in 2024, the proprietors of a privately owned firm have charged in a lawsuit. The loans were made to ‘Odain Anthony Lawes’ to ‘buy’ properties in upscale St Andrew neighbourhoods that were secretly and “fraudulently” swiped from their legitimate owners and the titles used as collateral for the mortgages, the lawsuit by Steadridge Farms Trade Limited claimed.