Couple charged with running Ponzi scheme
GEORGETOWN, Guyana – A couple that was arrested last week for involvement in a Ponzi scheme was remanded when they appeared in court on Thursday.
The police report that Yuri Garcia-Dominguez, a Cuban national and his Guyanese wife, Ateeka Ishmael were taken to court to face conspiracy to commit a felony charges related to their operation of the Accelerated Financial Capital company.
The two were arrested last weekend after the Attorney General Anil Nandlall announced the launch of a multi-agency investigation into allegations that several persons were allegedly defrauded of millions of dollars after investing in the company, expecting hefty returns.
The couple first appeared at the Sparendaam Magistrates’ Court where they were slapped with six conspiracy charges amounting to just over GUY$1.2 million (One Guyana dollar =US$0.004 cents).
Magistrate Alicia George refused to grant them bail.
Shortly after, they were ushered to another Court to face an additional 13 charges which were all related to conspiracy to commit a felony.
Those conspiracy charges amounted to more than $24 million and bail was granted in the sum of $300 000 on each of the 13 charges.
However, because the other Court refused bail, the couple was ushered off to prison where they will remain on remand. (CMC)