Security Guard defraud Unit Trust Corporation of approximately TTD 2 million

A security guard pleaded guilty to defrauding the Unit Trust Corporation (UTC) of over two million Trinidad and Tobago Dollars and was sentenced yesterday to serve 9 years.

Author: Trinibeat | Date: June 2009

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Collin Murrell withdrew all the money out of the account of businessman Steve Scheult and deposited the funds into another local bank. Colin was ordered to serve three years for each charge he received (obtaining a valuable security by false pretences, uttering forged documents, namely a T&T driver’s permit and a national ID card) which are to run concurrently, which means he will only be locked up for 3 years.

Justice Rampersad said the sentence was appropriate since the man played only a minor role in the offence and was remorseful and cooperative with the police.

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In the period of six weeks Murrell, 37, had syphoned a little over $2.3 million. After he was held in a sting operation mounted by the police, Murrell a former security officer of Aranjuez Main Road, pleaded guilty to being part of a scheme, involving others who are yet to be arrested.

Source: newsday.co.tt

The cheque was then handed over to Murrell. On the same day, he allegedly went to First Citizens in Montrose, Chaguanas, and opened a bank account in Scheult's name with the bogus driver's permit. He then went to teller Timol Ramdhanie and deposited the $180,000 cheque.

Source: trinidadexpress.com

The court heard that all the money came out of the account of Steve Scheult, a businessman, and was never recovered. The court heard that on April 4, 2002, a letter purporting to be authored by Steve Scheult, was faxed to the UTC, requesting the withdrawal of $180,000 from Scheult's account.

Source: guardian.co.tt