Another court day, more charges in ‘Ponzi’ saga
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ACFI Financial Adviser, Yuri Garcia Dominguez
ACFI Financial Adviser, Yuri Garcia Dominguez

–taking tally to 66 to date

ACCELERATED Capital Firm Inc (ACFI)’s Yuri Garcia Dominguez and Ateeka Ishmael are expected to appear before the Georgetown Magistrates’ Court today, to answer to more Ponzi-related charges.
Over the last few weeks, the couple has made a total of seven court appearances to answer to 66 charges to date at the Georgetown, Sparendaam and Vigilance Magistrates’ Courts. Each time, they were remanded and asked to post bail, which to date stands at a whopping 25.2M.
When the pair appeared before Magistrate Fabayo Azore at the Vigilance Magistrate’s Court on Monday, September 7, 2020, they were charged jointly but not required to plead to allegations that between May and July, 2020, with intent to commit a felony, they conspired, with persons known and unknown, to obtain a total of over $9M from 14 victims of their alleged ‘scam’ under false pretence.

Dominguez and his wife, ACFI Director, Ateeka Ishmael

The Cuban national and his Guyanese wife, who are represented by Attorneys-at-Law Glen Hanoman and Dexter Todd, were released on $800,000 bail each that day, and have had the case adjourned until November 7, 2020.

On September 2, the pair had appeared before City Magistrate Dylon Bess, where they were charged jointly but not required to plead to allegations that between May and July 2020, with intent to commit a felony, they conspired with persons known and unknown to obtain a total of over $75M from 11 victims of their alleged ‘scam’ under false pretence. On that occasion, they were released on $3.3M bail each.

Just the day before, Tuesday, September 1, 2020, the couple had appeared before Magistrate Fabayo Azore at the Sparendaam Magistrate’s Court, where they were charged jointly, but not required to plead, to the allegation that between May and July, 2020, with intent to commit a felony, they conspired with persons known and unknown to obtain a total of over $30M from 12 persons, again under false pretence.
They were released on $3.6M bail each, and that particular matter has been adjourned until September 21.

When they were arraigned before Magistrate Leron Daly at the Georgetown Magistrates’ Court on Monday, August 31, 2020, it was to answer to 10 charges, the particulars of which state that between the months of May and July 2020, they, with intent to commit a felony, conspired with persons known and unknown to obtain a total sum of over $60M from 10 victims under false pretence. They were released on $1M bail each, and the case was adjourned until October 5, 2020.

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