Adacia Coleman, a 31-year-old businesswoman of Lot 122 Stewartville Old Road, West Coast Demerara, has been remanded to prison following her appearance before Leonora Court #2 Magistrate Alisha George on charges of fraudulent conversion allegedly committed on a total of 95 victims by a company she operates under the name of Limitless Lenders.
Adacia Coleman
The businesswoman is accused of defrauding victims of cash ranging from $300,000 to $1,000,000, and police reports are that these incidents occurred between January and December 2024 at her Stewartville address.
Several victims have reported making cash down-payments for a particular vehicle of their choice, and being given a receipt for their cash by the suspect together with a promise that their vehicle would be delivered within three months. Police investigations have revealed that after the three-month period elapsed, the victims made several checks at the suspect’s office to enquire about their vehicles, but were told that the vehicles were not available because of a storm in the Caribbean.
The suspect kept giving the victims this same explanation each time they checked with her, and as a result, some of them became frustrated and demanded that she return their money. The suspect opted to return their money through MMG or bank cheques, but the victims demanded cash in hand. As a result, the suspect issued a total of nine post-dated Demerara Bank cheques to the victims in refund of their money, while the remaining victims exercised leniency and waited for the suspect to deliver their vehicles.
However, when the nine victims went to the bank on the dates specified on the cheques, they were all told by the teller to return the cheques to the suspect, but were not given a reason why.
A total of five files were compiled regarding the bank cheques and sent to the Director of Public Prosecutions (DPP) for legal advice. The DPP recommended that charges be laid in regard to two files, and instructed that further investigations be conducted into the other three files.
Further investigations are still being carried out in regard to four other matters in which cheques were given to the victims by the suspect. Regarding the other 86 matters, where the victims are awaiting their vehicles to be delivered, files are being compiled to be sent to the DPP for legal advice.
On January 7, 2025, at 14:30h, the suspect, in the company of her lawyer, turned herself in to the custody of police at the Leonora Police Station. She was informed of the allegations made against her, and was placed in custody pending further investigations. Based on advice given by the DPP on the two aforementioned files, Adacia Coleman was charged with two counts of obtaining money by false pretence.
When she appeared before Magistrate George, she pleaded not guilty and was remanded to prison until January 31, 2025 for report and court fixture.
