Former NCB wealth advisor gets two years in prison for stealing $74.5 million

Former NCB Capital Markets wealth advisor, Khadene Thomas, who stole $74.5 million from customers' accounts at the institution, was today sentenced to two years in prison.

The 35-year-old St Ann resident, who previously pleaded guilty to 31 counts of uttering forged documents and three counts of larceny as a servant in the St Ann Parish Court, was sentenced to one year for larceny as a servant and two years for uttering forged documents.

The sentences, which were handed down by Parish Judge Larone Montaque, are to run concurrently.

Thomas benefited from a 30 per cent reduction in her sentence based on her guilty plea.

The court was also told that US$28,000 was repaid to NCB Capital Markets today and another US$70,000 is with Thomas' attorney, to be paid over to the bank. Her family is also reportedly in the process of taking out a loan to help her to repay the bank.

The prosecution contended that Thomas transferred the sums from the accounts of three customers between May 21, 2019 and December 20, 2022.

From the first complainant, she stole US$256,291.83 and J$9.5 million between May 2019 and December 2022.

In the second case, she stole US$37,680 and J$570,302 between June 24, 2021 and December 15, 2022.

With respect to the third complainant, Thomas stole US$113,500 between January 13, 2020 and October 12, 2022.

Thomas was arrested last year January after the transfer of at least $5 million from a customer's account sparked an investigation.

Attorney-at-law Matthew Hyatt represented Thomas.

- Tanesha Mundle

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