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Former top bank official in court

A story in yesterday's newspaper incorrectly said Ms Elizabeth Harvey as the lawyer representing Charles Vaucrosson. It should have been Ms Patricia Harvey.

A former top Bank of Bermuda executive, who allegedly used "fraudulent tricks'' and uttered false documents to steal more than $2 million from his employer, appeared in Magistrates' Court yesterday.

Arnold James Todd Jr., 55, of Pearman's Hill, Warwick, who was charged along with four other men, did not have to enter a plea to the indictable charges.

Todd is alleged to have stolen $109,375.75 from the Bank of Bermuda on August 8, 1985; $108,000 between September 18, 1985 and October, 17, 1985; $92,500 on October 17, 1985; $349,300 on September 26, 1989 and $174,650 on February 15, 1989.

He is alleged, along with Varnel Robert Curtis, 60, of Ann's Drive Southampton, to have used a fraudulent trick between March 3 and May 1, 1987 to give $292,000 to another.

Lawyer Charles Vaucrosson, 60, of North Shore Road, Pembroke, Todd and Curtis are charged with using a fraudulent trick to give $388,340.70 to another between March 3 and May 3, 1987.

Milton Samuel Woods, 60, of Old Road Southampton, and Todd are alleged to have used a fraudulent trick on September 1, 1987 to give $200,000 to another.

Cecil Oliver Durham, 54, of Ramgoat Hill, Smith's Parish, and Todd are alleged to have used a fraudulent trick between June 30 and July 29, 1987, to give $315,000 to another.

Todd is alleged to have knowingly and fraudulently uttered a false loan form to obtain $700,000 from the Bank of Bermuda.

All five men were released on $10,000 bail and will be back in Magistrates' Court for mention on March 14.

The charges stem from a four and a half year Police investigation and involves a total of $2,729,166.40. Todd was suspended from his job in December, 1990, and resigned three months later.

Todd, a former United Bermuda Party deputy chairman, was believed to have been the highest-ranking black executive at the Island's largest bank.

Lawyer Mr. John Riihiluoma represented Todd, while Mr. Julian Hall represented Durham.

Ms Elizabeth Harvey appeared for Vaucrosson, Richard Hector for Woods and Tyrone Chin appeared for Curtis.

LONGTAIL SPOTTED ALS Longtail spotted Despite the cool temperatures and rain, Bermuda might enjoy an early summer.

The first Longtail of the year was spotted yesterday shortly after 9.30 a.m.

off Nonsuch Island by Agriculture and Fisheries conservation crew supervisor Mr. Stephen DeSilva.

Longtails, which come every year after winter ends, are normally first sighted in small numbers later in the month or in early March.