A former Bermuda Housing Corporation worker pleaded guilty in the Supreme Court yesterday to defrauding investors of more than $100,000.

Dana Edward Martin, 43, of Home Port Drive, Hamilton Parish, pleaded guilty to five of the seven charges of inducing $158,500 out of unsuspecting investors from April 1 to September 14 in 1999.

Martin induced Kevin Janzen to invest $25,000 with him after giving a promise or forecast which he knew to be misleading or false.

He also admitted inducing Mr. Janzen to pay him $18,500 by the same means.

Martin also pleaded guilty to inducing Rosalind Ray to invest $35,000, $20,000 and $60,000 by false or misleading means, in three separate charges.

But Martin denied that between March 31 and September 14, 1999, he signed a BHC purchase order without lawful authority with intent to defraud.

Crown counsel Oonagh Vaucrosson said the Crown offered no evidence on the two BHC charges.

Chief Justice Austin Ward released Martin on bail for June 2, when a date for sentencing will be set.

A woman pleaded guilty to stealing more than $300,000 from the Bank of Butterfield in the Supreme Court monthly arraignments session yesterday.

Deirdre Graves, 48, of St. Anne's Road, Southampton pleaded guilty to 11 indictable charges of fraud - dating back to June, 1999 - of stealing a total of $325,210.

Over the next 20 months the former Treasury employee dipped into the bank's funds regularly, stealing amounts ranging from $11,000 to more than $50,000.

Graves' lawyer Alan Dunch said he would be asking for a conditional discharge.

She was released on bail by Chief Justice Austin Ward and will be sentenced on June 2.