Businessman Peter Scoon granted $120K bail on fraud charges
Businessman Peter Scoon, the former chairman of the Caribbean Prestige Foundation, has been granted bail at $120,000 to cover charges relating to the fraudulent conversion of $400,000 in 2015.
Scoon, 53, of Falcon Street, Edinburgh 500, was charged with the offence after being arrested by officers of the Fraud Squad, on Tuesday.
He appeared before Magistrate Marisa Gomez yesterday, however, he was not called upon to enter a plea before the courts as the charge was laid indictably.
Scoon was represented by attorney Donielle Jones.
The State was represented by police prosecutor Inspector Rajesh Lall.
Cpl Woodruffe was the complainant (the charging officer) in this matter.
After submissions to the court to secure bail, the matter was adjourned to April 18.
According to police reports on March, 7, the victim went to the Fraud Squad office and reported that on October, 12, they paid the accused a total of $400,000 for the purchase, importation, and delivery of one 20 feet by 25 feet stage and 500 chairs.
The payments were made via two cheques in the sum of $200,000 each.
The accused told the victim that the items would be delivered within three months from the time of the payments.
When the items were not delivered as promised three months later, the victim made efforts to have the money refunded from the accused, but these proved futile.
Following investigations into the incident, the accused surrendered himself to the Fraud Squad on Tuesday and was subsequently charged.
More on this as it becomes available.