Businessman caught in million-dollar fraud attempt denied bail
Published:Thursday | May 12, 2011 | 12:00 AM
ST CATHERINE businessman Sean Green was denied bail on Monday when he appeared in the Corporate Area Resident Magistrate's Court on charges of money laundering and conspiracy to defraud.
Senior Resident Magistrate Judith Pusey has ordered him to return to court on May 17.Green, 42, was arrested and charged on April 26 by policemen from the Organised Crime Investigation Division (OCID).
Allegations are that Green used his point-of-sale card machine located at his businessplace to make transactions using a total of 61 fraudulent cards over a three-day period.
$560,000 transacted
Green allegedly attempted to make transactions totalling over $6 million. He was only successful in receiving $560,000, which he immediately tried to withdraw from a bank.
Policemen from OCID received a report from the bank about the suspicious transactions. An investigation was launched which led to a raid at Green's businessplace and his house in Linstead, St Catherine, where several documents were seized.
Green was subsequently arrested and charged.