A 27-year-old man is facing multiple fraud charges after detectives allege he used forged documents to cash more than $10,000 in counterfeit checks at various banks across the island.
According to the Virgin Islands Police Department, Floyd Stevens was arrested Saturday after an investigation by the Economic Crimes Unit uncovered evidence connecting him to two separate obtaining money by false pretenses complaints filed on March 17 and April 10 by two business owners. Investigators determined Stevens used a U.S. Virgin Islands driver’s license to cash five counterfeit checks totaling $10,220. Each check contained forged signatures and was processed at different financial institutions.
Following the investigation, detectives and patrol officers executed an arrest warrant at Stevens’ residence, where he was advised of his rights and taken into custody without incident. He was transported to the Wilbur H. Francis Command Police Operations Building, booked, and formally charged with obtaining money by false pretense, forgery, uttering or passing forged or counterfeited matters, passing or possession of forged bills or notes, grand larceny, identity theft, participating in fraud on creditors, access to computer for fraudulent purposes, and conspiracy, the police report stated.
Bail was set at $20,000. Unable to post bail, Stevens was remanded to the John A. Bell Adult Correctional Facility pending his advice of rights hearing, scheduled for Monday, at the Superior Court of the Virgin Islands, the report stated.
