Security guard who fraudulently converted $2.7M ‘to buy things’ jailed

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Several months after being released from serving a 36 months prison sentence, a security guard has found himself in hot water again after he appeared in the Georgetown Magistrates’ Courts to answer to a fraud charge.

Ronald Saunders, 48, admitted to the charge which stated that on August 6, 2018, while being solely entrusted by Lancelot Bacchus with the total sum of $2.7M to purchase two tractor engines, he fraudulently converted the said amount of cash to his own use and benefit.

According to the prosecution’s facts on the day in question, the accused who was employed as a security guard at the virtual complainant’s place of business was given the money to purchase the engines but never returned.

The matter was subsequently reported to the police and the man was arrested and charged with the offence.

The unrepresented Saunders told the court that he used the money to buy “things”. “I am sorry for what I did but I can’t turn back the hands of time. I bought things, phones and other things.”

After considering an early guilty plea Senior Magistrate Judy Latchman sentenced the man to 56 months imprisonment.

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