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Con-man sells $80M in bogus house lots

Sep 01, 2012 News

–    jumps through window as cops close in

A slippery confidence trickster narrowly escaped last night from police and Housing Ministry investigators who have unearthed an $80M scam involving the sale of bogus house lots in the Diamond Housing Scheme.
Police officials said that the man, who was residing at a Grove New Scheme, East Bank Demerara residence, jumped through a window and fled just as police ranks were preparing to arrest him.
Kaieteur News understands that investigators from the Ministry of Housing have posted up a sign at the house indicating that the property now belongs to the Ministry.
Police sources said that the fraudster, who goes by the aliases ‘Prem Persaud’, ‘Prem Rampersaud’ and ‘Jeff’, has been luring his victims with promises of providing them with transports and house lots, particularly in the Diamond Housing Scheme.
Two women and a male employee from a prominent business firm are reportedly the man’s accomplices. Kaieteur News was told that the male accomplice helps to locate potential clients.
One of the non-existent lots was given as Lot 193 Little Diamond. Another was given as Lot 204 Little Diamond.
Investigations indicated that the suspect has defrauded at least 150 victims and the scheme has raked in about $80M. Police sources said that the fraudster has been living large, and has bought three Dodge Rams. One of the vehicles is reportedly registered in the name of one of the women suspected to be involved in the scam.
Kaieteur News understands that investigators learned that the fraudster, who is said to be a deportee, had been residing at Grove, East Bank Demerara three months ago.
At around 19:00 hrs last night, an investigator from the Housing  Ministry and police ranks converged at the home.
It was reportedly at that point that the suspect clambered through a back window and fled.

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