71-y-o on fraud charges for selling company he did not own
KINGSTON, Jamaica — An elderly man was on Friday arrested and charged for fraud by detectives attached to the Counter Terrorism and Organized Crime Branch.
He is 71-year-old Horatios Glave, a businessman of Crane Crescent, Kingston 8.
Reports are that in February 2010, the accused presented himself as the owner of a company and entered into an agreement to sell the company. He was allegedly paid US$40,700 and J$2,455,387.19 for the property.
Checks reportedly revealed that the accused held no position in the company and had no authority to sell. Consequently, a report was made to the police in July 2015, an investigation was launched and Glave was arrested.
He was granted bailed in the sum off J$500,000 and is to appear before the Corporate Area Resident Magistrate’s Court Criminal Division on Tuesday, November 3.
