2 cases dealing wid tiefing money but such diff treatment

[evanovitch]

Gerald Pusey, who headed an alleged Ponzi scheme which collapsed last year, had his bail extended on Tuesday when he appeared before the Half-Way-Tree Criminal Court on fraud charges.

Mr. Pusey, who headed the collapsed Partner Financial Investment Limited, is accused of defrauding depositors of more than $165 million.

The cops say between 2006 and 2007, Mr. Pusey collected millions of dollars from investors and promised them interest rates of between 10% to 12% per month.

However, he failed to make payments, prompting investors to call in the police.

One investor reportedly lost $93 million in the fraud.

Mr. Pusey, who is facing 19 counts of fraud, is scheduled to return to Court on August 10.

The court on Tuesday imposed a stop order on Mr. Pusey following an application by the police who reported that he also goes by the name Gary Pusey.                                  

 

[evanovitch]

Re: 2 cases dealing wid tiefing money but such diff treatmen

Police smash multimillion dollar fraud at JMMB
Tuesday, 30 June 2009
The Fraud Squad has smashed what is believed to be a major "kiting racket" in which one of the country's major financial institutions was defrauded of millions of dollars.

Andre Dookie, 31, who is accused of masterminding the scam, was denied bail on Tuesday when he appeared before the Corporate Area Criminal Court.

Mr. Dookie is accused of trying to defraud Jamaica Money Market Brokers (JMMB) of $41 million.

He was nabbed last week following intensive investigations by the Fraud Squad.

Investigators reported that between January 26 and February 12 this year, Mr. Dookie engineered a scam in which he attempted to defraud more than $40 million from JMMB.

The cops reported that he opened a current account at another financial institution based in New Kingston.

He also opened an account with JMMB.

He drew several cheques on the other account to the tune of $41 million and deposited the cheques in his JMMB account.

The cops alleged that Mr. Dookie was able to siphon $10 million from JMMB before the two institutions uncovered the racket.

The cops added that during the same period he also defrauded the Bank of Nova Scotia of $470,000 in the same "kiting scam".

Mr. Dookie pleaded not guilty on Tuesday.

However, senior magistrate Judith Pusey told his attorney that she would not be offering him bail as she considered him a danger to the public.

Mr. Dookie was remanded until July 2.

[Bizzy]

Re: 2 cases dealing wid tiefing money but such diff treatmen

BOAL. Mi know Dookie what a attaclapse.

Maybe Judge Pusey and de tief Pusey inna de fuss story related...so him have links

If no relation den mi nuh know

Mek a go call jamaica yah

[Bizzy]

Re: 2 cases dealing wid tiefing money but such diff treatmen

waaaaiiieeeee SABOAL

[Dr.Dudd]

Re: 2 cases dealing wid tiefing money but such diff treatmen

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">Police smash multimillion dollar fraud at JMMB
Tuesday, 30 June 2009
The Fraud Squad has smashed what is believed to be a major &quot;kiting racket&quot; in which one of the country's major financial institutions was defrauded of millions of dollars.

Andre Dookie, 31, who is accused of masterminding the scam, was denied bail on Tuesday when he appeared before the Corporate Area Criminal Court.

Mr. Dookie is accused of trying to defraud Jamaica Money Market Brokers (JMMB) of $41 million.

He was nabbed last week following intensive investigations by the Fraud Squad.

Investigators reported that between January 26 and February 12 this year, Mr. Dookie engineered a scam in which he attempted to defraud more than $40 million from JMMB.

The cops reported that he opened a current account at another financial institution based in New Kingston.

He also opened an account with JMMB.

He drew several cheques on the other account to the tune of $41 million and deposited the cheques in his JMMB account.

The cops alleged that Mr. Dookie was able to siphon $10 million from JMMB before the two institutions uncovered the racket.

The cops added that during the same period he also defrauded the Bank of Nova Scotia of $470,000 in the same &quot;kiting scam&quot;.

Mr. Dookie pleaded not guilty on Tuesday.

However, senior magistrate Judith Pusey told his attorney that she would not be offering him bail as she considered him a danger to the public.

Mr. Dookie was remanded until July 2.


</div></div> Wow this is a very old scam. How did that pass any banker.?
With the availabillity of computerise networks and standard waiting periods??
Somebody in the cashing institution was in it with him. It seem that one is a theif, athat used fraud to rob ,while the other actually thoughthe could do a business legally and make profits. Sone one stole money while theother lost th epeople's money.
and one may have had assets to put up, while the other may not be trusted to di so without committing fraud, do so

[Tuff Gong]

Re: 2 cases dealing wid tiefing money but such diff treatmen

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">Wow this is a very old scam. How did that pass any banker.?</div></div>

Both scams are very old, but you right how did this get past any banker in this day and age without an inside connection?

[Blackstar*]

Re: 2 cases dealing wid tiefing money but such diff treatment

Why is Dookie a danger to the public whereas Pusey is not?

[Tuff Gong]

Re: 2 cases dealing wid tiefing money but such diff treatment

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: BlackStar</div><div class="ubbcode-body">Why is Dookie a danger to the public whereas Pusey is not? </div></div>Because B<span style="font-family: 'Arial Black'">iziBubbla</span> knows Dookie and anyone she knows <span style="font-family: 'Arial Black'">is a danger</span> to the public!