By Latrishka Thomas
A traditional Caribbean savings circle has become the centre of a criminal investigation, leaving investors reeling and a young ‘entrepreneur’ facing serious fraud charges.
Keithesha Edwards, 21, of Belmont, appeared in court yesterday to answer for her alleged role in a “box hand” scheme that authorities claim defrauded participants of around $70,000.
Edwards is accused of orchestrating a sophisticated operation which is said to have gained traction through social media advertising and word-of-mouth recommendations.
It allegedly attracted residents with promises of high returns and a facade of credibility.
Edwards is charged with obtaining money under false pretences from multiple individuals, including a prominent businessman who reportedly invested $42,000 as well as smaller amounts totalling around $10,000 from two other victims.
She is also charged with fraudulently converting around $15,000 from three other persons for her own benefit.
The charges date back to October 2023.
Edwards’ lawyer Andrew O’Kola pleaded for her to get bail, saying that she is a self-employed mother of a one-year-old of whom she is the primary caregiver. He also mentioned that the child’s father is disabled.
Magistrate Conliffe Clarke granted Edwards bail set at $70,000, with strict conditions including a $7,000 cash deposit and mandatory thrice-weekly check-ins with the police.
The cash amount sparked visible frustration from Edwards, who exclaimed “that’s too much” upon hearing the figure. This prompted a stern warning from the Magistrate about outbursts
Outside the courtroom, emotions ran high as alleged victims voiced their anger and disbelief.
A civil case is also pending, as victims seek to recover their lost funds and other residents are reportedly coming forward to police claiming to have also been scammed.
Edwards’ committal hearing is scheduled for January 23, 2025.
