Financial Crimes Haunt Territory: $500,000 Embezzled from Economic Stimulus Fund
Major Breakthrough Made in High-Profile Case
A significant development has been announced by officials in the U.S. Virgin Islands regarding a high-profile case involving financial misdeeds against the Government of the Virgin Islands’ Economic Stimulus Account.
Investigation Launched
On June 9, 2023, the V.I. Police Department’s Economic Crime Unit (ECU) launched an investigation into a complaint from the Office of Management and Budget. The probe revealed that over $500,000 had been illicitly withdrawn from the 2020 Economic Stimulus Account over an unspecified period.
Arrest Made in Georgia
The investigation culminated in the issuance of an arrest warrant for 37-year-old Japheth Roberts. He was subsequently taken into custody in Georgia on March 16, 2024. Roberts remained in custody pending extradition to the U.S. Virgin Islands, where he now faces serious charges related to the fraudulent claims against the government fund.
Next Steps
After a successful extradition, Roberts was handed over to ECU detectives and remanded to the Bureau of Corrections due to his inability to post bail of $100,000. His next court appearance is scheduled for an Advise of Rights Hearing.
Community Urged to Report Suspicious Activity
The V.I. Police Department is urging residents to remain vigilant and report any suspicious financial activities to help combat financial crimes and protect public assets. The community’s cooperation is crucial in ensuring justice and preventing further embezzlement schemes. Here are some ways you can contribute:
- Report suspicious activity: If you suspect someone of engaging in financial crime, contact the V.I. Police Department immediately.
- Stay informed: Stay up-to-date with local news and announcements to stay aware of potential threats.
- Support anti-fraud efforts: Encourage your friends and family to be cautious when dealing with financial transactions.
By working together, we can prevent further embezzlement schemes and protect the integrity of our community.