56 months for conning employer of $2.7M

Aug 14, 2018 News

Jailed: Ronald Saunders

A man who was recently released from prison after spending three years behind bars on a fraudulent conversion charge was yesterday jailed for a similar offence.
Forty-eight-year-old security guard Ronald Saunders appeared before Principal Magistrate Judy Latchman in the Georgetown Magistrates’ Courts, where a fraudulent conversion charge was read to him.
The charge stated that on August 6, last, at Hadfield Street, Georgetown, while being solely entrusted by Lancelot Bacchus with $2.7M in order that he purchase and deliver two tractor engines, and return same to Bacchus, he fraudulently converted the money to his own use and benefit.
He pleaded guilty to the charge after it was read to him.
When given a chance to address the court, Saunders stated “I’m very sorry for what I did. I cannot turn back the hands of time. I took the money and buy phones.”
Police Prosecutor, Quinn Harris told the court that Saunders and the victim are known to each other for the past two months. The Prosecutor added that Saunders is employed as a security guard at Bacchus’ home.
The Prosecutor went on to tell the court that while Saunders was working with the victim, he convinced him to start up a mining company.
The court heard that as a result, the victim gave him $2.7M to purchase two tractor engines, however Saunders converted the money to his own use and benefit.
Magistrate Latchman told Saunders that based on his early guilty plea and the fact that he was placed in a position of trust, she would impose on him a sentence of 56 months for the offence.

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