Loan Scam: Businessman, employee slapped with 14 new charges

Chairman of Micro Business Developers and Consultancy Company, Clayton Allen, and his employee, Nobert Bailey, who are currently on remand for defrauding a woman in a loan scam, were on Friday slapped with 14 new charges.

Allen, 62, of South Better Hope, East Coast Demerara, and Bailey, 59, of Diamond Housing Scheme, East Bank Demerara appeared before City Magistrate Leron Daly and denied the fraud charges.

Particulars of the charges alleged that the pair, between June and September 2022, at Georgetown, with intent to defraud, obtained the sum of $5.5M from 14 victims by falsely pretending that they were in a position to grant loans.

The loans vary from $300,000, to $1M and the largest sum being $30M.

Police Prosecutor Christopher Morris objected to the defendants being released on bail since they are currently on remand for a similar crime.

Magistrate Daly further remanded both men to prison until November 18.

On September 23, Allen and Baily were charged for obtaining the sum of $1.1M from Lindell Toney by falsely pretending that they were in a position to grant her a $45M loan.

In 2018, Allen was convicted of fraud and was sentenced to 36 months’ imprisonment. He was also jailed in 2017 for defrauding another woman.

Allen’s previous conviction and sentencing at the Guyana Court of Appeal.

However, Bailey, on the other hand, was charged with forgery and simple larceny in 2015.