Former banker, Reno Bethel, is first person to be accused in that $7 million-dollar theft at BPL

Reno Bethel

Nassau, Bahamas – Police have charged FirstCaribbean International Bank’s former employee Reno Bethel in his alleged defrauding of more than $1 million of the power company’s funds over a four-month period.

The 34-year-old fired banker is a resident of Tropical Gardens. He was arrigned on 23 counts of Fraud by false pretenses and 23 counts of receiving and oncount of conspiracy to commit by fraud by false pretenses.

Now get this in the charge it is alleged that Bethel took $1,034,478 from BPL’s Scotia Bank account between January 27th and May 5th, 2017. He was advised to plead not guilty on all 47 charges.

The matter will resume on Nov. 8th and Deputy Chief Magistrate Andrew Forbes has remanded Bethel to Prison.

BP understands a second employee of another bank will be charged later this week. Meanwhile the individual who both accused were working for deep inside the accounts department has not yet been revealed.

One of the employees still in the accounts department at BPL purchased a million-dollar home in an upscale community on New Providence.

More than $7 million was defrauded out of BPL an audit proved.

We report yinner decide!