Sun | Dec 5, 2021

Mandeville man arrested for operating Ponzi scheme

Published:Wednesday | August 21, 2013 | 9:31 AM

Detectives from the Fraud Squad have arrested and charged one man in connection with what they believe is an illegal investment scheme.



Forty-eight-year-old John Cameron of Mandeville, Manchester, is to appear in court today to answer to the charges of fraudulently inducing to invest money, engaging in the business of trading without a license and operating as a securities dealer without a license.



Investigators say Cameron fraudulently solicited money from unsuspecting persons for investment.



They say a report was made after he failed to pay out returns on investors’ deposit.



The Police are appealing to other persons who have invested in the Ponzi scheme to make a report at the nearest Police Station or visit the Fraud Squad at 34 Duke Street, Kingston.



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