The businessman charged for operating a ponzi scheme was offered bail when he appeared in court on Wednesday morning.John Cameron, 48, who was granted bail in the sum of J$ 5 million, is booked to return to court on September 6.
Cameron has been charged with operating as a securities dealer without a licence and fraudulently inducing persons to invest in his company, JLO Trading.
It's alleged that in 2007, Cameron collected US$200 thousand from an investor after promising him interest of eleven percent.
However, during the crack down on ponzi schemes by the authorities, the investor requested that his money be returned. He reported the matter to the police after receiving only US$33-thousand from Cameron.
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