BASSETERRE, St. Kitts – ELRETER Jeffers of Buckley’s Housing Development has been sentenced to 21 months in prison and ordered to pay hefty fines for her role in a money laundering scheme involving more than a half a million dollars.
The Royal St. Christopher and Nevis Police Force confirmed on Monday (Jul. 22) that Jeffers was convicted of stealing EC$560,000 from IIC Management Incorporated between December 2, 2016, and June 14, 2019.
According to investigators, the 40-year-old orchestrated an elaborate fraud while employed at the company, only being discovered after her departure.
Following her conviction, the court ordered Jeffers to pay EC$360,000 in restitution to IIC Management within 14 days. Failure to do so will result in an additional 12-month prison term.
She was also slapped with a separate fine of EC$200,000, which must be paid within 12 months. If she defaults on that payment, she will serve an additional three years in prison.
The court noted that Jeffers may be eligible for early release after serving two-thirds of her sentence, provided she maintains good behaviour.
