The police yesterday issued a wanted bulletin for Yuri Dominquez, 37, the man allegedly at the centre of a huge Ponzi scheme that bilked dozens.
The bulletin was issued after he failed to report to CID Headquarters as part of his bail conditions.
Dominquez‘s, last known address is lot 242 Track ‘A’ Coldingen, East Coast Demerara.
The police noted that Dominquez was charged with several counts of fraud and was granted bail in the Magistrate’s Court, on condition that he reports every Friday to the Criminal Investigation Department (CID) Headquarters. The police said that he has not done so. It didn’t say from when he had not complied with the bail conditions.
The police say that he is also wanted for questioning in relation to several additional fraud matters.
Anyone who has seen or has information on the whereabouts of Dominquez is asked to contact the police on 229-2557, 229-2700, 22,229-2750, 229 -2019, 225-6978, 225-8196 or the nearest police station.
In August, 2020, the police had arrested Rodriguez and his wife after launching an investigation into what has been described as a huge Ponzi scheme.
The police force had said that Dominguez, 34, a naturalised Guyanese of Cuban origin, and his wife, Ateeka Ishmael, 32, both of Track ‘A’, Coldingen, East Coast Demerara, were detained as part of an ongoing investigation of alleged fraud.
At a press conference held in early October, 2020, Dominguez had announced plans to recommence repayment of invested capital to 17,000 clients from October 12th, 2020 since the firm is not licensed to operate here and has been forced to cease all of its operations.
The repayment did commence as promised with some 27 persons receiving their invested capital. However, two days after the repayment started, officials from the Special Organised Crime Unit (SOCU) raided the couple’s property at Coldingen, ECD and seized equipment containing records of their clients. This resulted in a halt of the repayment.
Dominguez and Ishmael are facing close to 80 charges of conspiring with other persons to obtain monies by false pretence.
They were released on bail totalling approximately $30 million. The charges are still engaging the court.
Subsequent to this, the couple faced two additional charges which were filed by SOCU.
They were charged under the Consumers Affairs Act with operating a pyramid scheme, and under the Securities Act with operating without a licence.
Both Dominguez and Ishmael pleaded not guilty to the joint charges and were released on bail.
