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August 27 ,2020

While the couple was ushered into the compound to await their Court appearance, the large crowd raised their voices in support of them and picketed against the decision to file charges against the two.

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More than one hundred persons gathered outside the Vigilance Magistrates’ Court this morning in support of Cuban businessman Yuri Garcia and his Guyanese wife Ateeka Ishmael who have been accused of financial fraud related to a suspected ponzi scheme.

While the couple was ushered into the compound to await their Court appearance, the large crowd raised their voices in support of them and picketed against the decision to file charges against the two.

“Free Yuri, Free Ateeka”, they chanted.

Many of those gathered said the two were being wrongly accused and should not face charges for operating their financial company in Guyana, which promised persons who made cash investments that they will get up to three times the amount of their investments in return.

Some of the protesters said they had invested in the company and got their returns as promised. They explained that money from the investments helped them to survive after losing their jobs in the past months.

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While the Attorney General Anil Nandlall has indicated that over 17,000 persons were affected, just over 50 persons reportedly provided statements to the Police and all of those statements were not against the operations of the company.

Some of the protesters said Nandlall and the recently elected PPP government needs to be mindful of their support since they could lose 17,000 votes in the next elections because of the charges.

Other protesters accused the government of going after the couple for no reason and demanded that they are allowed to continue their business operations.

Last week, the Attorney General announced a multi agency investigation into allegations that the couple was operating a ponzi scheme in Guyana that was flouting several local financial laws including laws against money laundering.

He said it was necessary to investigate the claims against the company, Accelerated Capital, after he received complaints from some persons who wanted their investment back.

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The husband and wife pair who operated the company were arrested and held in custody for several days.

In a statement, the company offered to give the investors with complaints their money back, while also requesting that it be granted all required licenses to operate fully in financial trading.

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Couple in alleged Ponzi scheme remanded to jail on conspiracy charges; Attorneys to file High Court action

August 27 ,2020

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The two were arrested last weekend after the Attorney General Anil Nandlall announced the launch of a multi-agency investigation into allegations that several persons were allegedly defrauded of millions of dollars after investing in the company, expecting hefty returns.

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Cuban national Yuri Garcia-Dominguez and his Guyanese wife, Ateeka Ishmael were taken before two Courts this morning to face conspiracy to commit a felony charges related to their operation of the Accelerated Financial Capital company.

The two were arrested last weekend after the Attorney General Anil Nandlall announced the launch of a multi-agency investigation into allegations that several persons were allegedly defrauded of millions of dollars after investing in the company, expecting hefty returns.

The couple first appeared at the Sparendaam Magistrates’ Court where they were slapped with six conspiracy charges amounting to just over $1.2 million. Magistrate Alicia George refused to grant them bail on the six charges.

Moments later, they were ushered to the Vigilance Magistrates’ Court to face an additional 13 charges which are all related to conspiracy to commit a felony. Those conspiracy charges amounted to more than $24 million and bail was granted in the sum of $300,000 on each of the 13 charges.

However, because the other Court refused bail, the couple was ushered off to prison where they will remain on remand.

The two are being represented by Attorneys Glen Hannoman and Dexter Todd. They Attorneys have indicated that they intend to move to the High Court to seek bail and a possible discharge of the charges which they believe were badly applied.

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The lawyers are of the view that the accusations against the two are matters for a civil court and not a criminal court.

The husband and wife have maintained their innocence and the company they manage has indicated that there was no ponzi scheme being operated.

Over 100 persons gathered outside the Vigilance Courthouse this morning in support of the couple, demanded that they be set free.

Django

The proof is in the pudding. That's what the PNC always does. They are always creating disturbances with their threatening behavior.  Do they actually think that they can threaten the magistrate?

You do the crime you do the time.

R

Yuri money talking in the video.  Let's get down to the facts before we pass judgment.  69 people filed complaints against Yuri's firm.  

Since when Cubans know about Capitalist tricks? Ponzi Scheme is a very American thing.

Billy Ram Balgobin

Yuri money talking in the video.  Let's get down to the facts before we pass judgment.  69 people filed complaints against Yuri's firm.  

Since when Cubans know about Capitalist tricks? Ponzi Scheme is a very American thing.

No matte where in the world one lives, crookedness comes naturally to them.

FM
@Ramakant-P posted:

The proof is in the pudding. That's what the PNC always does. They are always creating disturbances with their threatening behavior.  Do they actually think that they can threaten the magistrate?

You do the crime you do the time.

What garbage....chupidness na gat cure.

T

When you hear the words Cuban in Guyana. It means that person is coming to Guyana broke. That person is too coward to take a swim to Florida. That person is using Guyana to get some money. If you stupid enough to give your money to a Cuban in Guyana then easy come easy go. Too bad. You have to work and make it back.

Prashad
Last edited by Prashad

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