A Fraud Squad exercise has resulted in a Larceny charge being laid against a 31-year-old Carapichaima man.
Joel Julien, a scaffolder, was charged with one count of Larceny in the sum of $956,857.70, by Cpl (Ag.) Cummings of the Fraud Squad and is expected to appear before a Port of Spain Magistrate today.
During a reconciliation exercise conducted by a financial institution, it was discovered that a system error resulted in $32,347,308.55, being mistakenly credited to a personal account held at the institution.
It is alleged that during the period November 18th, 2022 and December 1st, 2022, the owner of the personal account withdrew sums totalling $825,000 in cash from various Automated Banking Machines and conducted Point of Sale purchases totalling $131,357.70, together totalling $956,857.70.
Efforts by the financial institution to get a full refund of the money proved futile and a report was made to the Fraud Squad.
Following investigations into the matter, Fraud Squad officers under the supervision of Snr. Supt. Arlet Groome conducted an exercise which resulted in the arrest of a male suspect.
A total of $600,501 in cash was allegedly recovered at his home.
Julien was charged with the offence on Thursday 16th March, 2023.
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