Convicted former NCB manager ordered to repay close to $120 million
Mentioned
Analysis
The article describes a convicted former NCB manager ordered to forfeit and repay large sums tied to swindling and money laundering, with action by Jamaica’s Financial Investigations Division and a Supreme Court forfeiture order.
Full Article
KINGSTON, Jamaica – Former senior manager at the National Commercial Bank, Andrea Gordon, who was convicted of swindling $34 million from the financial institution and was sentenced to seven and a half years in 2021, has been ordered to repay close to $120 million.
On Wednesday, the Financial Investigations Division (FID) was successful in the Supreme Court in securing a Forfeiture Order of $119.1 million against Gordon.
Investigators revealed that based on assessment, Gordon’s criminal benefits amounted to just under $200 million. However, through her attorney, Gordon admitted to swindling $119 million through her illegal activities.
The money was stolen between January 1, 2017, and May 30, 2020.
READ: Bank manager charged with larceny
In addition to the $119 million, Gordon was also ordered to pay $720,000 as well as the legal costs for the bank and the Crown.
Her Havendale property will also be placed on the market. Proceeds from the sale will be turned over to NCB.
In 2021, Gordon was sentenced to seven years and six months in prison after she was convicted on three counts of ‘access with intent to commit an offense’ (Cybercrime Act), three counts of ‘larceny as a servant’ (Larceny Act), seven counts of money laundering and engaging in a transaction involving criminal property’ (Proceeds of Crime Act).
READ: Former NCB manager sentenced for fleecing $34m
Related Articles
Ex-banker to lose loot
TheFinancial Investigations Division (FID) on Thursday signalled its intention to recoup any wealth gained by Andrea Gordon, the former National Commercial Bank (NCB) senior manager who fleeced the bank of $34 million over three years. Gordon on Thursday pleaded guilty to 13 counts on an indictment charging her with three counts of larceny as a servant, three counts of cybercrime and seven counts of money laundering before Supreme Court Judge Justice Lorna Shelly-Williams in downtown Kingston.…
Former NCB manager sentenced for fleecing $34m
KINGSTON, Jamaica — Andrea Gordon, the former National Commercial Bank senior manager accused of fleecing the entity of $34 million over three years, was this morning sentenced to just under eight years in prison following a detailed sentencing exercise. This, due to the fact that the varying sentences for the banker, who pleaded guilty to all 13 counts on which she was charged, will run concurrently.…
FID targets assets of five sentenced in Manchester fraud trial
MANDEVILLE, Manchester — Sanja Elliott, who was last Monday sentenced to five years’ imprisonment for multimillion-dollar fraud at Manchester Municipal Corporation, and four co-convicts, are to face the Manchester Circuit Court on September 16 under the Proceeds of Crime Act. Parish Judge Ann-Marie Grainger granted the Financial Investigations Division (FID) committal of all five convicts to the Supreme Court during last week’s sentencing hearing.…
Bank fraud, money mule probe lands three in hot water
THE Financial Investigations Division (FID) is again warning Jamaicans not to allow their bank accounts to be used to receive, move, or withdraw funds on behalf of others, following the arrest and charge of three people in connection with what it is describing as a “sophisticated, multimillion-dollar bank fraud and suspected money mule operation”. The accused, Ashanti Johnson, Kevin Bentley and David Breverett — ages 24, 37 and 54, respectively — were arrested and charged under the Proceeds of Crime Act, the Larceny Act, and the Cyber Crimes Act, following coordinated operations carried out between Last Tuesday and Thursday across Kingston, St Andrew and Clarendon.…