Popular party promoter Andrew Wright is among three men charged in connection with a $222 million fraud racket, committed at the Institute of Sports (INSPORTS) between 2011 and 2017.
In fact, MOCA says “these arrests are the first set of arrests, as MOCA currently has warrants out for several other individuals.”
Wright is the promoter of the popular ‘Chug IT’ and ‘French Connection’ parties.
Also charged in the fraud racket are Rudolph Barnes and Oneil Hope.
The three have been charged with various offences including conspiracy to defraud, acquisition, use and possession of criminal property, engaging in transactions involving criminal property and larceny as a servant.
All three are alleged to have been part of a team of former employees of INSPORTS, who wrote, signed and encashed fraudulent cheques for payees who were neither employees nor contracted workers of the entity.
The suspected fraud and other irregularities were detected by INSPORTS in 2017 during an examination of their financial records.
The matter was then reported to MOCA triggering an investigation.
