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Mandeville man arrested for fraud
2013-08-20 18:21:06 | (0 Comments)
Detectives from the Fraud Squad have arrested and charged one man in connection with a major fraud operation or Ponzi scheme in Manchester.
The man has been identified as 48-year-old John Cameron of Mandeville, Manchester.
He has been charged with fraudulently inducing to invest money, engaging in the business of trading without license, and operating as a securities dealer without a license.
Cameron is to appear in the Half-Way Tree Resident Magistrate’s Court on August 21, 2013.
According to the detectives, Cameron fraudulently solicited money from unsuspecting persons for investment.
However, after months of no returns on their investments, a report was made to the Fraud Squad, who initiated investigations into the matter.
In the meantime, the police are appealing to other persons who have invested in this scheme to make a report at the nearest Police Station or visit the Fraud Squad at 34 Duke Street, Kingston.
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Source: The Gleaner/Power 106 News
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