Broker Is Accused Of $200,000 Fraud


Tribune Staff Reporter


A BROKER denied conning a woman of more than $200,000 through over-priced customs duties for a multi-million dollar home renovation project.

Ryan Cartwright, 40, of San Souci, appeared before Magistrate Samuel McKinney facing eight counts of fraud by false pretences. Karen Silverman is the victim of the alleged fraud.

It is alleged that the broker, between March 3, 2014, and May 7, 2015, obtained $201,219.29 from Ms Silverman after misrepresenting certain facts.

Cartwright pleaded not guilty to all charges.

According to reports, the complainant, a property owner in Ocean Club Estates, had begun a $4.6 million home renovation and construction project on her property on Paradise Island in 2013.

The project manager and architect for the job were terminated in late 2014 on the basis of alleged mismanagement and negligence.

A forensic audit was allegedly performed where it was allegedly revealed that the fired architect’s broker had overbilled her on customs duties for items related to the construction project.

Cartwright was remanded to the Department of Correctional Services without bail, due to recent amendments of the Bail Act removing the lower court’s jurisdiction to consider bail in such matters.

Cartwright can apply for a bond in the Supreme Court.

He returns to Magistrate’s Court for trial on June 30.

He has retained attorney Wellington Olander to represent him.

Police Sergeant Philip Davis is prosecuting the case.

Commenting has been disabled for this item.