Four in CarMax fraud probe back in court today
Published:Tuesday | May 26, 2015 | 12:00 AM
Four men implicated in the multimillion-dollar fraud probe involving used-car dealership, CarMax Jamaica Limited, are to return to court today.
They are to appear before the Corporate Area Resident Magistrate’s Court.
Forty-six-year-old Dwight Tyndale, 30-year-old Peter Blake and 38-year-old Barrington Biggs have been charged for breaches of the Proceeds of Crime Act.
They have been charged with several counts of engaging in cash transactions above the prescribed limit of $1 million Jamaican and are in breach of the latest amendment of the Proceeds of Crime Act 2013.
The fourth man, director of CarMax, Daren Blake, is facing similar charges but has also been accused of fraudulent conversion.
He is facing 88 counts of fraud amounting to over $161 million.
Former director, Ian Lyn, who is wanted, is reportedly on the run overseas.
CarMax and the assets of Lyn and Blake have been placed into receivership.
*This story had previously named Ian Lyn as a director of CarMax. This was not correct. Lyn resigned as a director several months ago.