Ted Williams was arrested Monday morning and charged with drawing and delivering worthless checks in a real estate deal, the V.I. Police Department reported.
According to the police record, Williams signed an agreement with a real estate agency to purchase property. In pursuance of that deal, Williams wrote a check in July 2015 for 200,000, a second check in September 2015 for $350,000, and in May a third check in the amount of $400,000.
The Realtor deposited those checks and each time she was informed by the bank that the account did not have sufficient funds. An investigation by detectives in the Economic Crime Unit revealed that Williams never had the fund available, police said.
Detectives from the Economic Crime Unit obtained a warrant and arrested Williams Monday. He was taken to the Rainbow Building in Frederiksted where he was booked and, unable to post the $75,000 bail set by a Superior Court magistrate, was transported to the Golden Grove Adult Detention Center pending an advise of rights hearing.
The Virgin Islands Police Department Economic Crime Unit handles complaints about identity theft, credit card and check fraud and other money-related crimes in the territory. Further information is available by calling 340-773-2266 on St. Croix, or 340-774-3942 on St. Thomas or St. John.
