Funds liquidator charged in fraud case

 

A George Town man is now charged in connection with a fraud investigation being conducted by the Royal Cayman Islands Police Financial Crime Unit.

Robert Aspinall
Robert Aspinall

Robert Neil Aspinall, 37, was charged Thursday with 14 criminal counts related to fraud allegations in connection with the administration of two investment funds.

The charges against Aspinall include: Two counts of theft, two counts of forgery, one count of false accounting, five counts of transferring criminal property, one count of transferred criminal property, two counts of converting criminal property and one count of using criminal property.

He’s due to appear in court to answer the charges on June 22, RCIPS officers said.

According to an earlier press release on the investigation, which did not identify Aspinall as the suspect: “The man had been appointed as a voluntary liquidator for two funds while employed with the local office of an international investment firm. During this appointment, a quantity of money was misappropriated from these funds and transferred to another account.”

Publicly available documents also state that Aspinall has been found to have contravened the Directors Registration and Licensing Law and is not considered eligible by the Cayman Islands Monetary Authority to hold a position as a professional director. Aspinall’s director registration was suspended on June 3.

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