Fourth person arrested in multimillion-dollar fraud case

The Major Organised Crime and Anti-Corruption Agency (MOCA) has arrested another suspect in the multimillion-dollar mortgage fraud which targeted several financial institutions.

The 36-year-old suspect was arrested on Wednesday at the Kingston Central Police Station where he was reporting on pre-charge bail for the offences of Breaches of the Proceeds of Crime Act and conspiracy to defraud. He is the fourth person to be arrested, following the arrest and charge of 30-year-old Chloe Douett, medical doctor of Cherry Gardens, St Andrew, 29-year-old Ivana Campbell, executive assistant of Cedar Grove, Portmore, and 44-year old Dwayne Pitter, unemployed of Olympic Gardens, St Andrew.

All four are accused of being part of an organised criminal syndicate that carried out an elaborate and highly sophisticated multimillion-dollar fraud scheme against several banks and financial institutions between January 2023 and April 2024. The suspects are alleged to have carried out the fraud through the submission of fraudulently obtained genuine documents and fraudulent identification documents which allowed them to bypass security protocols and identity confirmation measures at the banks. The latest suspect is expected to be charged shortly.

According to Major Basil Jarrett, director of communications at MOCA, the entity will continue its close work with FID in order "to ensure that everyone involved in this highly sophisticated and elaborate crime is placed before the courts". Jarrett also invited anyone with information on this and other financial and organised crimes to report it to MOCA's tip line at 888-MOCA-TIP.