By Barbara Gayle, Staff ReporterNICOLE FULLERTON, daughter of former boss of the failed Caldon Finance Group, Henry Fullerton, is to answer to the charge of defrauding a businessman of $15 million.
Resident Magistrate Judith Pusey yesterday made the ruling and extended bail. Ms. Fullerton is to return to the Corporate Area Criminal Court on March 22. She is charged with defrauding businessman Colin Karjohn of $15 million in 1998 after the bank's subsequent bankruptcy.
She is also charged with two counts of obtaining money by false pretence and three counts of fraudulent conversion.
FALSE PRETENCES
The prosecution, led by Senior Deputy Director of Public Prosecutions, Paula Llewelyn, is alleging that Karjohn had been instructed by Caldon Merchant Bank to invest $10 million and US$120,000 of his money under false pretences.
Karjohn told the court that he was told his money would mature in Treasury Bills at the Bank of Jamaica (BoJ) at the end of January 1998.
However, he learnt, several months later, that the money was invested under the name Caldon Finance Group Limited instead of the Merchant Bank as had been discussed.
Karjohn insisted that he was unable to locate Nicole Ann until March 1998, when he was told the bank had cash flow problems and had downsized, subsequently dashing his dreams of buying two plots of land in Montego Bay and Negril from the Ministry of Housing, to build gas stations.
Attorney-at-law Jacqueline Samuels-Brown is representing the accused.
