By Barbara Gayle, Staff ReporterACCUSED CONSPIRATORS Henry Fullerton, former head of the failed Caldon Finance Group and his daughter Nicole, appeared in the Corporate Area Criminal Court Monday, where their case was put off for another four months.
The two are accused of conspiring to defraud Caldon depositor and businessman Collin Karjohn of $15 million which was to be invested in treasury bills. The trial was put off to May 25 because the Fullertons' lawyers said they needed time to study some statements they received Monday from the Crown.
The statements from the Bank of Jamaica allege that the Caldon Group was insolvent when Karjohn handed over his $15 million to the company to invest in 1998.It is being alleged that Miss Fullerton approached Karjohn in January 1998 and induced him to invest in Caldon Merchant Bank under the pretext that his money would be used to purchase treasury bills at the Bank of Jamaica. He was assured that the bills would mature on January 15, 1999.
Karjohn allegedly gave Miss Fullerton J$10 million and US$120,000 to purchase the bills. However, he received no money on January 15, 1999 or at the end of that month.
Following the Finance Minis-try's instructions to depositors in Caldon after its liquidation in February, 1999, Karjohn took his receipts from Caldon to Citizens Bank to recover his investments. He was told his name was not listed there and Karjohn reported the matter to the police.
